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 get a look at some stocks on the move today. Scarlett Food with Paul Sweeney, and I want to welcome Janita Sakova.
She's a cross.
Ass a reporter here at Bloomberg News. Janita, what are you taking a look at?
We're taking another look at Netflix. It's just like that continuation after the earning. The companies down more than one percent the ticker, of course NFLX. The total drolldown from top is thirty seven percent, And obviously a lot of it was started with the Netflix deal. But what we heard today is Paramounts Guidance again extension its stender offer for Warner Bros. Discovery. Of course that has happened. This is maybe the second or the third time it happened.
Their tender offer came on December eighth, then they extended it for another month on December twenty twenty two, December twenty second, and now there is another extension. But it's interesting that no matter what happens, Netflix has been punished in the last few weeks. Warner Browners is planning a special meeting to approve the Netflix deal by April. Some of the earnings announcements we have is perhaps one reason
investor sentiment is really soaring on that company. Netflix shares tumbode on Wednesday after the company issued a disappointing forecast for earnings. One interesting number is closing the Warner Brothers deal, we will add two hundred and seventy five million in costs for this year on top of the sixty million spent through the end of twenty twenty five. Of course,
Netflix will post share boy bags to accumulate cash. So a lot of changes, and investors haven't had too much of a positive reactions to that.
Very good.
How about Caravana. Caravan is having a pretty good day, and I feel so the start of the year. Analysts have been very generous at company. Shares are up about three percent. The ticker is CVNA. Barkleys today boost this price target on the online car selling platform. It's a pretty big boost. It used to be four hundred and sixty five dollars now we have five hundred and thirty.
They're pretty bullish on the profit estimated as well. It's about seven dollars forty six cents, much higher than before. It's actually coming on the back of quite a few upgrades. Earlier we had ubs analysts Joseph pac raised the target. It's also pretty solid, raised from four hundred and fifty to five hundred forty five doors and there was a big analyst note from Morgan Stanley that maybe started a
lot of that bullishness we're seeing. They said earlier this month, the Kravana's acquisition of another new car dealership this was last year is an early adopting Robotaxi metro area, so that's really helping, and they're seeing a very bullish case. Of course, they have a few different targets, but the bookcase target is seven hundred and fifty dollars, so they see incredible potential. That's, of course, one way to do
it is they maybe partner with way Moo. That's what Morgan Stanley suggests, but definitely an interesting story to watch. Company has been up more than one hundred percent last year and last one last one. Proctor and game Ball shares a rising. Executives are signaling sales are rebounding. Ticker is PG stock is up nearly three percent. The chief executive set sales will increase during the next six months. The report wasn't all great. We know the company was
down fifteen percent last year. The company reported flat organic sales, so that's perhaps one reasons investors were worried. In earlier training the company was actually fell more than two percent after earnings, but later we're seeing some relief there. It's an interesting space to watch company that was under a lot of pressure, but we've seen some relief and investors are quite positive about it.
The Stockmover'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.