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The Stock Movers report, your roundup of companies making moves in the stock market, harnessing the power of Bloomberg Data.
I'm Jim Centovic along with Carol Master. Let's take a look at some stocks on the move today. We're joined by Bloomberg Television Markets correspondent Norah Melinda Nora. What did you bring?
Well, let's kick things off with the best performing stock in the S and P five hundred, looking at centeen, that's ticker CE and C. We know that this is a twenty four and a half billion dollar market cap company based in Missouri, a health insurance company, and we did see that they essentially reported profit that beat a Wall Street's estimate. So that's why you're really seeing a surge and shares today. The company, of course giving services
like Medicare Medicaid plans. A lot of those government sponsored patients is who they serve, lower income individuals. We're seeing the stock is up as much as fifteen percent today, on pace for its best day since twenty twenty, back in those pandemic days, and the stock has surged about twenty one percent so far this year, so clearly on a rally.
All right, let's go to Spotify ticker of course spot.
Yes, this one down today, down earlier as much as fifteen percent, worse day in four years. Of course, we know this company based in Sweden. It did report a weaker than expected guidance for the second quarter operating income, and you really are seeing a lot of investors really parsing what this means for the company that we know has already been struggling with a tough backdrop big tech competition,
AI disruption, and focus margin pressure. So you are seeing that investors aren't really fully convinced about the company's strategy. The stock is down about twenty six percent so far this year, and of course today's decline really adding to that pressure.
And finally, Coca Cola.
Coca Cola ticker KO stock is up earlier, jumping as much as six and a half percent for its best day since twenty twenty. This is after the company reported organic revenue growth of ten percent, which did beat estimates, and it also marked its strongest growth in five quarters. And we're really seeing that it is offering a range of different drink prices and that's what's really picking up traction as they're really diversifying their offerings there in terms
of price point for consumers. But additionally they're seeing strong demand for mini cans. Apparently people not really opting for that full size where they do like I guess, a small drink there.
The Stock Movers report from Bloomberg Radio. Check back with us throughout the day for the latest roundup of companies making news on Wall Street and for the latest market moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, Bloomberg dot com, and on Applecarplay and Android Auto with the Bloomberg Business app.