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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 stock movers out there.
We can do that with Bloomberg's Matthew Griffin.
Matt, what are you looking at here? Let's talk some more about Intel. I feel like there is just no end of what you can say about this report about the stock reaction here. So, of course shares up more than twenty three percent today, but you know, taking a step back looking here, to date, Intel now up one hundred and twenty one percent year to date. That's after about eighty five percent last year. So the days of this long stock slump look increasingly in the rear view mirror.
Even before the blowout revenue forecast that the company gave for the current quarter, there was a lot of reason for investor optimism. They had bought back part of a factory they'd had to sell basically to raise cash. That's seen as a vote of confidence participating in Elon Musk ship making projects. So, you know, really a lot of reason for optimism, even though they're revenue still a long way off all time highs.
Very good? All right? What else you got? Avis? Yes?
So, Avis now extending a slump into a third day, nothing like the epic crash has seen the last two sessions. But shares now down about two and a half percent, the stock down nearly sixty nine percent across three sessions. That comes even though Pentwater Capital that's their second largest shareholder. They said last night that they'd exercised call options bought seven hundred and forty one thousand shares just before the crash started. Those are in the green. They you know,
those options were for a lower price. However, you know that not moving the needle, and you know, just to throw something extra in for listeners, look at what's happening with the Dow Transports Index. It waits its members by share price, and it is just swinging wildly along with Avis. Down twelve percent across three days. Yeah, all those now
averrecuez price weight. It is a really weird thing. Okay, Let's talk about the company in the formerly known as Slumberge Yes so now known as SLB ticker SLB investors trying to pick a direction here, Shares up about half a percent, recovering earlier losses, and it I think highlights the way that the Iran war cuts both ways for companies that do maintenance and services for oil. Long term
Iran war expected to be a tailwind. Oil prices a lot higher right now though a lot of those oil fields in the Middle East you can't send people into do maintenance. That's caused their earnings for share to fall twenty eight percent year over year, and again investors kind of weighing the short term versus the long term.
Here this 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 appe