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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 stocks on the move today. I'm Tim Steneveek along with Emily Graffeo from the Bloomberg News Credit team, and we're joined by Bloomberg News Equities reporter Avalon Parnell for today's stock movers. Avalon, please tell me we're starting with the big one in video.
We sure are. I mean, there's so much happening. It's currently whipsawing between the green and the red. Currently down about eight tenths of a percentage point. That's after the world's most valuable company reported first quarter results that surpassed expectations practically across the board. It shouldn't be that surprising, though, that Wall Street is continuing to question how the company will maintain that pace of growth amid the surging AI demand.
So still a lot of questions as we head into the earnings call. And we had another tech name, UH on the move today. Tell us about into It? Yes, into It, that's ticker. I nt you currently dropping about
eleven percent. That's after to financial software firm reported third quarter results that were quite mixed and generally speaking, GAVEN outlook that Barclay says is likely not enough to mitigate concerns that analyst said at the mixed quarter and planned layoffs will likely weigh on shares in the short term.
Worth noting that earlier today, into It was down after Reuter's reported that the company is planning to slash about seventeen percent of its staff and a push for greater efficiency as it focuses on AI.
All right, so not just in Nvidia and into It reporting after the bell today, we also got to look at cosmetics and retail with Elf Beauty, which sure did.
That's ticker Elf currently only up about two point two percent, though earlier it was up as much as ten. That's after the beauty brand reported net sales for the fourth quarter that generally blee pass expectations. However, while this quarter was great, there are a lot of questions remaining about
the rest of the year. Bloomberg Intelligence having a really great reaction note right after the writing that ELF's twenty twenty seven full year outlook is the weakest in six years, which could suggest pressure on ELFs products and really draw more questions about how exactly are those consumers doing and are they still wanting to buy those products.
This stock Moover'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.