Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The.
Speaker 2: Stock Movers Report, your roundup of companies making moves in
Speaker 2: the stock market, harnessing the power of Bloomberg data.
Speaker 3: Let's stick you to some more market movers of the
Speaker 3: day with Bloomberg's as well. Lee, what are you keeping
Speaker 3: an eye on right now? Of course, trading is pretty
Speaker 3: light today.
Speaker 4: Pretty light, but we do have some movers. Nike, for one,
Speaker 4: ticker is nik NK stock is up by ron four
Speaker 4: and a half percent, and that's after CEO Elliot Tail
Speaker 4: reportedly bought a purchase of around one million dollars worth
Speaker 4: of shares. And we know that just last week stocks
Speaker 4: rallied because Apple Cook see Apple CEO Tim Cook also
Speaker 4: bought three million dollars worth of shares. This move really
Speaker 4: doubled his personal stake and signaled confidence in a turnaround
Speaker 4: strategy laid by Hill and Nike has just been struggling
Speaker 4: throughout the year. But maybe this could be the turnaround
Speaker 4: for them, but they've seen weaker quarterly margins luggy Shales
Speaker 4: and China and even for Converse.
Speaker 1: Yeah, I know, we were just talking about that earlier.
Speaker 1: I mean, the stock down more than fifteen percent year today,
Speaker 1: so ELEL obviously thinks he's getting a bargain. You're also
Speaker 1: looking at some biotechs and one take our co or
Speaker 1: t it's not cordyesips like the last of us.
Speaker 4: What corcept So Course of Therapeutics stock is down by
Speaker 4: almost fifty percent. That's after regulators rejected the company's drug
Speaker 4: to treat a form of high blood pressure. So we
Speaker 4: know that with biotech companies, whenever there's a treatment and
Speaker 4: there's a rejection, the stock really plunges. So this is
Speaker 4: the lowest sense at least twenty twenty four. I was
Speaker 4: bracing myself for something more drastic, but at least when
Speaker 4: I go to since sin As function of Bloomberg terminal
Speaker 4: is just still twenty twenty four. So it's the drug
Speaker 4: that aims to treat patients with hypertension and too much
Speaker 4: of there's horror, too much of those hormone cortusols. So
Speaker 4: stock is now down. Take our cort yeah.
Speaker 3: I mean it's interesting as we watch all these healthcare companies,
Speaker 3: all of these biotechs, they make a lot of wild moves.
Speaker 3: But another stock that tends to be pretty violatile is
Speaker 3: ticker DJT, which I know you're looking.
Speaker 4: At, of course, takeer DJT. It's Trump Media's company. They
Speaker 4: again announced plans to distribute a new digital token to
Speaker 4: shareholders in partnership with crypto dot com, another digital token,
Speaker 4: and if you're counting the token, and for every token,
Speaker 4: they will get one whole DJT share, So there is
Speaker 4: some exchange and they will release more details next year.
Speaker 4: They said. Tokenholders may receive periodic rewards. But this is
Speaker 4: a company that's posted an operating loss of one hundred
Speaker 4: eighty six million and just generated three point seven million
Speaker 4: in revenue over the last twelve months. And as Matt
Speaker 4: Winkler Are at EIC Emeritus pointed out in an opinion column,
Speaker 4: Trump Media is the only company among its twenty domestic
Speaker 4: peers with no widely disseminated twelve month target share price,
Speaker 4: revenue estimates, or earnings forecast. So it's either their new
Speaker 4: and maybe analystsn't want to touch them just yet, or
Speaker 4: maybe they just.
Speaker 1: Don't understand this. What is it? By one get one
Speaker 1: free by a share?
Speaker 4: I would take any free thing?
Speaker 1: Why not would you?
Speaker 2: Yeah?
Speaker 1: I mean maybe I don't know it calls to you anything.
Speaker 1: I guess it's not going to cost you anything when
Speaker 1: if it goes down, talk to us about the broader market,
Speaker 1: because we are pausing in Arisanta rally. But we still
Speaker 1: have a couple of days we could make it up.
Speaker 4: We still have a couple of or maybe a couple, yes,
Speaker 4: a couple of days until I think two days after January,
Speaker 4: and it's looking good because the SMP is up seventeen
Speaker 4: percent this year. We're entering our fourth year of the
Speaker 4: bull market, and I think if there's a thing to
Speaker 4: note this year, it's that the AI rally has broadened.
Speaker 4: Remember in the past years it's just in Nvidia in
Speaker 4: video and video, but in video is now just the
Speaker 4: seventy first ranking in the s and P five hundred.
Speaker 4: The very first are data companies that really benefit from
Speaker 4: this whole AI rally. I mean there are companies not
Speaker 4: a lot of people have heard of sand Disk. It's
Speaker 4: up six hundred percent.
Speaker 1: Owe to use SanDisk all the time back in the day.
Speaker 4: I'm sure you've seen it. I use Sandus actually, And
Speaker 4: I was making a point to Matt Miller earlier when
Speaker 4: he made me realize this fact that the new laptops
Speaker 4: you don't have the plug in anymore. But I remember
Speaker 4: when I first got my iMac, you can put it there,
Speaker 4: so I would excitedly take photos in my digicam and
Speaker 4: then I would lug it in and up load it
Speaker 4: on Multiply, Multiply or friends there anyway.
Speaker 2: The Stock Movers report from Bloomberg Radio. Check back with
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