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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 of the stocks on the move today. We're joining by Judy LaGrue.
Judy, what are you looking at today?
Good morning, Paul. I'm looking at SpaceX ticker SPCX. Again, the stock is up as much as eight percent right now, and of course this is on the heels of the Cursor takeover announcement. But one thing I noticed in my research here is that our equity team noted that SpaceX is up, yes, but space linked names are down today. So space infrastructure firm Red Wire ticker RDW is down about eight percent. Spacecraft maker Firefly Aerospace ticker fly is
now down about seven percent. So again, really interesting movement, That's what I'm looking at for sure.
Right, of course, we have to keep our eye on that one, because it's been a straight shot up since someone even say, taken off like a rocket since its hibo. All right, let's stay in the tech space. What else do you have?
So a Rax Space Technology ticker r XT. The stock is up currently right now at about eleven percent. It's up as much as twenty one percent in trading today. The company did two things right. One, finalized a deal to use chips from Advanced micro Devices in its data centers, so that's a really big deal for them. And second, the company approved a fifteen percent cut of its global workforce, so they're expecting to realize as much as eighty five
million in annual savings from this move. So I'm definitely looking at that company as well.
Right.
One more sure, Netflix, and I find this story to be really fascinating here. The news came out well first ticker NFLX, that is Netflix, and the stock is down by as much as four percent in trading today. And this is coming off the heels of a Semaphore report that Netflix lost out to Fox to buy Roku. And also, according to Semaphore, Netflix is one of a number of
companies interested in buying Lionsgate. So again, all of this movement is really I'm looking at this, this downward movement for Netflix.
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