WEBVTT - JM Smucker Rises, Hinge Edges Up, Cracker Barrel Soars

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<v Speaker 1>Bloomberg Audio Studios, Podcasts, radio News.

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<v Speaker 2>The Stock Movers Report, your roundup of companies making moves

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<v Speaker 2>in the stock market, harnessing the power of Bloomberg data.

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<v Speaker 1>All right, I'm Carol Master along with Emily Graffeo. Let's

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<v Speaker 1>get to some stocks on the move with us to

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<v Speaker 1>do that. Bloomberg New Stocks reporter Carmen Rhyanicky Carmen watching

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<v Speaker 1>kind of the moves. It was an interesting day, an

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<v Speaker 1>odd day. I think it's even safe to say where

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<v Speaker 1>should we begin.

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<v Speaker 3>Yeah, well let's start with JM. Smucker. It's this ticker SGM.

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<v Speaker 3>Talk about an odd day. So shares here, we're up

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<v Speaker 3>ten percent, the best day since two thousand and eight,

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<v Speaker 3>and the top performer on the S and P five

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<v Speaker 3>hundred index today. That's what I find seems wild, right,

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<v Speaker 3>I mean, I don't know that I've ever seen you know, JM.

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<v Speaker 3>Smucker leading the S and P five hundred. I've been

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<v Speaker 3>covering markets for a long time. You know, usually obviously

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<v Speaker 3>we're seeing a big tech stock's a big even on

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<v Speaker 3>rotational days, you wouldn't think that you would see this company.

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<v Speaker 3>So they had solid earnings. It sent the shares higher,

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<v Speaker 3>and you know, we had this big rotation trade today

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<v Speaker 3>and jam Smucker was on top twelve billion dollars in

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<v Speaker 3>market cap, which it sounds like, Oh, it's a little company,

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<v Speaker 3>jam Smucker. Of course small relative to the stocks that

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<v Speaker 3>are leading the S and P five hundred, but I

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<v Speaker 3>mean it's it's that's still pretty big. Well, it's a

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<v Speaker 3>household name, right, Like, we all know the products from this,

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<v Speaker 3>We all know the jams.

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<v Speaker 1>So yeah, we did right, right, But they do a

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<v Speaker 1>lot of different products, which is which is kind of interesting.

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<v Speaker 1>All right, let's go on to Hine Health.

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<v Speaker 3>Yeah, so this is actually moving in the after hours.

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<v Speaker 3>This is ticker h n g E, and shares are

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<v Speaker 3>app think about three percent right now, so not a

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<v Speaker 3>ton of volume here in the after hours, but we're

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<v Speaker 3>seeing a little bit of a move basically. The company.

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<v Speaker 3>They boosted its full year revenue forecast and they're having

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<v Speaker 3>an investor day tomorrow, so they report earnings a little

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<v Speaker 3>bit later in the summer. I think in August is

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<v Speaker 3>when it's anticipated. But they gave some more details here

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<v Speaker 3>than investors are excited about, especially going into this day tomorrow.

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<v Speaker 3>This company healthcare software company. It's small and it is

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<v Speaker 3>about a year I think post listing they do physical therapy.

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<v Speaker 3>It's it's actually a benefit disclosure. Oh for us, I

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<v Speaker 3>think so, I think you're right on that.

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<v Speaker 1>Half the year is over.

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<v Speaker 3>Okay, I can't yeh, Like it's like virtual physical therapy. Okay.

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<v Speaker 1>Some four p eight billion dollar market cap up thirty

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<v Speaker 1>five percent year to day. Yep, yeah, okay. Interesting. Eight

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<v Speaker 1>and a half percent of the float is short So interesting.

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<v Speaker 1>Oh and one of our producers saying they're getting into

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<v Speaker 1>migraine treatments, which I know is a thing that a

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<v Speaker 1>lot of folks have to deal with. Let's get to

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<v Speaker 1>Cracker Barrel.

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<v Speaker 3>Yes, so Cracker Barrel ticker CBRL. This is up about

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<v Speaker 3>eleven percent right now postmarket. It is off its session high.

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<v Speaker 3>It was of about fifteen percent. So the company reported earnings,

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<v Speaker 3>boosted its revenue guidance for the full year. It beat

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<v Speaker 3>the average estimate. This is also a highly shorted name,

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<v Speaker 3>so short interest is about twenty seven percent of float

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<v Speaker 3>according to US three partners. And we I mean, this

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<v Speaker 3>is one that's come up for our sort of a

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<v Speaker 3>myriad of interesting reasons. It's kind of been avo little

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<v Speaker 3>stock and had some interesting headlines around it and you know,

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<v Speaker 3>remember the logo and all brands brand exactly. So interesting

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<v Speaker 3>again to see it moving so much. It's it's a

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<v Speaker 3>smaller company, and I think is generally.

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<v Speaker 1>Forty three percent you're today it's coming off a streak

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<v Speaker 1>of no judge, just impressibly it is.

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<v Speaker 3>It is, especially if you look back, it's it's declined

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<v Speaker 3>every year since twenty nineteen on an annual basis. So

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<v Speaker 3>I'm hungry.

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<v Speaker 1>Have you ever been to a cracker barrel?

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<v Speaker 3>I have?

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<v Speaker 1>I have to like road trips, right, the trip that's

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<v Speaker 1>what that's what have you ever been to?

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<v Speaker 3>One hundred percent would go. I think it was family friendly.

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<v Speaker 3>My parents took me and all my siblings.

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<v Speaker 1>Great for kids, and it's really great for them. I

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<v Speaker 1>mean there was a point when it was one hundred

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<v Speaker 1>and seventy eight dollars a year back in twenty twenty one.

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<v Speaker 2>Yep.

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<v Speaker 3>Well it's a huge restaurant, right, I mean it's a

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<v Speaker 3>huge chain. It's all over the United States, and I

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<v Speaker 3>think it's one that's maybe kind of gotten pushed over

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<v Speaker 3>with some more fast casual Maybe isn't exactly in that.

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<v Speaker 1>It's been a hard space right for definitely, But.

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<v Speaker 3>You're a Midwestern girld Right exactly, Yeah, yes Sam.

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<v Speaker 2>The Stock Movers Report from Bloomberg Radio. Check back with

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