Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 3: Let's take a look at some stocks on the move.
Speaker 3: I'm Carl Masser along with Tim Stenovik. Let's get to
Speaker 3: Bloomberg News Equities reporter Avalon Purnell.
Speaker 4: You can go ahead, get started with Chewy. That's ticker
Speaker 4: c HWY. It's currently falling about nine point one percent. Today.
Speaker 4: It hit its lowest inter day level since twenty twenty four,
Speaker 4: and that's after the pet foods company CEO offered some
Speaker 4: fairly cautious commentary at a JP Morgan conference earlier today.
Speaker 4: He said that while the company still expects its pet
Speaker 4: segment to remain resilient, the company is seeing a more
Speaker 4: stretched consumer currently. And I feel like it's been the
Speaker 4: type of thing that we've been hearing from a lot
Speaker 4: of consumer companies lately.
Speaker 3: We're not buying as many toys. They definitely get their food,
Speaker 3: they get their breath, fashioners and his stiff but puppies
Speaker 3: here's a stick. I'm just gonna say, they're well loved.
Speaker 3: They're well love. Let's move on over from dogs to DoorDash.
Speaker 4: Yes, keeping us badge exactly. It's also falling about three
Speaker 4: point nine percent today. That's after Business Insider reported that
Speaker 4: Walmart's Spark which I wasn't previously aware of. It's their
Speaker 4: delivery service, is now delivering food from restaurants like McDonald's.
Speaker 4: So the delivery space has been really competitive with like
Speaker 4: Uber Eats, grub Hub, and now Walmart is also stepping in.
Speaker 4: So investors are a little bit curious about what exactly
Speaker 4: that will mean for companies like DoorDash.
Speaker 1: Yeah, I didn't know about Spark driver.
Speaker 4: Yeah, it just news to me today as well, maybe
Speaker 4: not as big a news that makes the.
Speaker 3: Three of us, right, yeah, so maybe it's just elsewhere.
Speaker 3: Let's go to a name we don't always talk a
Speaker 3: lot about, but the tickers are lay Yes.
Speaker 4: Relay Therapeutics a much more exciting move earlier. Today, it's
Speaker 4: now only up about eight tenths of a percentage point,
Speaker 4: though earlier it was up as much as thirteen percent.
Speaker 4: That's after a drug maker released data from a midstage
Speaker 4: trial that was quite positive, showing that it's experimental drugs
Speaker 4: it seems to be helping those patients that have a
Speaker 4: rare genetic disorder that impacts their blood vessels development Tdcowen,
Speaker 4: writing that the update is a home run and that
Speaker 4: it could actually mean that there is a new opportunity
Speaker 4: for this drug to treat a very lucrative market.
Speaker 1: All right, So two decliners and a gainer, Yes, all right,
Speaker 1: there we go.
Speaker 3: Are you feeling kind of down today? So going more
Speaker 3: to claims?
Speaker 4: So many decliners in the.
Speaker 1: Market, I know, And that's what's frustrating to me is
Speaker 1: that I'm on gainers today and I got no good stories.
Speaker 1: I'm so sorry. Yeah, it's okay.
Speaker 2: This stock Movers report from Bloomberg Radio. Check back with
Speaker 2: us throughout the day for the latest roundup of companies
Speaker 2: making news on Wall Street and for the latest market
Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,
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