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 second look at what are the some of the stocks are moving today. We can do that with Carmen Ryanicky, Deputy team leader for US Equities, joined us here in studio. Carmen, what are you looking at? Yeah? So the first one we're looking at today, A really incredible drop here is shake Shack. So this is ticker shak shares our down
about thirty percent right now. This is the largest drop on record for the company, and it's bringing the stock to the lowest level since early in twenty twenty four, So really significant here. So the company had earnings this morning. It reported first quarter revenue. The missed expectations and the reasons why I think are interesting here. So it is higher costs of beef for rising beef costs and inclement weather,
so huge impact. Actually, I guess if weather is bad, people are just not going out to eat hicksheck, but they'll go to other places like McDonald's, which is doing just fine. Right. I don't know, it's just that shake Check well, McDonald's has a drive through.
All right, right, So that's that's right.
What else we got? All right? So speaking of AI, great segue, let's talk about Data Dog ticker. DDOG shares are up thirty one percent right now. This is the most since November twenty twenty three. This company also had earnings this morning, so it raised its fullier outlook for sales and earnings, much ahead of Wall Street's expectations. And it looks like one of the things here is that they are injecting AI. Data Dog sales cloud based platforms
that helps companies, it teams monitor their systems. So this is interesting because we've seen such you know, software takes such a hit in a lot of the first part of this year here, and so Data Dog has gotten sort of swept back up in the uptick that we've seen in sort of all these AI stocks since really like March thirtieth. But obviously seeing a really incredible game today from this really bullish.
Outlook software AI higher. That's all we need to know about that name.
Yep.
It looks like City Group is holding some kind of investor day.
Yep, they're holding an investor day today. So the stock is up about a quarter of a percent right now. It was down earlier this morning. It's been bouncing around a lot. Initially, investors were reacting to the the bank issuing a new guidance, saying that it would take the lender more time to catch up to Wall Street peers.
So this is ticker c. Also, it seems like there also might be some dip buying here, as you mentioned there is the company does have a conference today, also noted so our banking reporter on the equities team flag to that. Mike Mayo, Wells Fargo analyst said that he'd be a buyer on weakness in shares of City Group. He's a bull on this name. So we're seeing the stock bounce around a little bit, but obviously a really important name to watch in if that supor.
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