Bloomberg Audio Studios, podcasts, radio News, The.
Stock Movers Report, your roundup of companies making moves in the stock market, harnessing the power of Bloomberg Data. Let's take a look at some of the stocks on the move today.
We can do that with Bloomberg's avalon per Now, avalon, what are you looking at today? Yeah, we can start off with Constellation Energy. That's ticker CEG sliding about eight point seven percent right now. That's after the power generation firm forecast earnings per share for the full year that
missed estimates. Barclay's saying that expectations were pretty high going into the print and noting that the outlook looks sort of mixed with nuclear contracting progressing, but that EPs outlook again coming in below estimates, and that move is making Constellation Energy one of the worst performers in the S and P five hundred today.
All right, let's take a look at some M and A as well.
Yes, McCormick, that's ticker MKC, falling about five point four percent to hit its lowest inter day level since twenty eighteen. That's after Despises and Seasoning Maker agreed to combine with Funial lovers food business and a deal valued at about
forty four point eight billion dollars. Vital Knowledge says, despite McCormick reporting decent results this morning, food focused staples are generally hated by investors given the cyclical headwinds and the industry's history when it comes to large scale m and a, so I thought that was kind of interesting.
Another MNA trade A Palace Pharmaceuticals.
Yes, a Palace Pharmaceuticals ticker APLS, jumping one hundred and thirty seven percent for its most inter day on record. That's after Biogen agreed to buy the biotech for about five point six billion dollars. RBC says this is a really good deal for a pelas given their shares have struggled a lot recently, and the deal will help Biogen boost its kidney franchise and expand its treatments in rare diseases and immunology.
This stock mover's 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