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.
Just take over to some of the stats on the move today.
We can do that with Julie L.
Groove.
She's a reporter for Bloomberg News, joining us here in studio.
Judy, what are you looking at, good morning. I'm looking at Oracle first and foremost, certainly biggest news on the market today. Oracles down on today's trading as much as thirteen percent, and it is on track for the largest percentage drop since January twenty twenty five. The stock itself is up three percent year to date as of yesterday's closed And as sort of a lot of us know, Oracle of course reported and then they're quarterly capital expenses
were higher than estimates. But what really has sticking out to the market is that while the revenue is growing great, it's really not growing as fast as the market is expecting. And that stock movement is reflective of that sentiment.
Sounds good. What's the second stock you're looking at?
Sure on the heels of the upcoming space. That's IPO, A lot of really satellite space oriented companies are on our eyes today, so we're looking at red Wire in particular. Red Wire is up as much as eleven percent on today's trading, and this is really in a basket of other again rocket satellite and space memes, so Firefly, Ast
Space Mobile, Black Sky Technology, Rocket Lab. But red Wire in particular is a focus because they filed for a possible five hundred million dollar offering of shares on Tuesday. So again, a lot of action happening in the space space and that's what we're looking at for sure in that area.
Writing the coattails of SpaceX absolutely, why why not AMC?
Absolutely? I love a good memes stock story. I will always always perk my ear up when I hear AMC. And AMC is up eight point seven as much as eight point seven percent on the day. It's on track
for the highest intra day price since December. The stock itself, I think is really impacted by summer blockbuster movies that are coming up, so the Odyssey, Toy Story five Scary Movie, and AMC also themselves raised one hundred and fifty million dollars through a market equity offering, selling one hundred and five million cheers, so definitely a lot of action there, both in the movie theaters themselves and in the market.
For AMC today, 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.