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The Stock Movers Report, your roundup of companies making moves in the stock market, harnessing the power of Bloomberg Data.
I'm Tim Stenebek along with Carol Masser. Let's take a look at some stocks on the move today. Bloomberg Use Equities reporter Bailey Lipschultz is in here with us.
Bailey, what do you have your eyes on?
We start with stub Hubs, the newest entrant to the US equity capital market.
It's an IPO, so obviously it shot higher, right, no, no candidate price.
Wise, it was on my gainer's list, and then I had to get it off because it was on TIMS Now then Decliner's. Oh well, it did open up almost eight percent, trading under the ticker stub as TOUB, before ultimately closing down about just under six and a half percent the ticket resaling platform, as we mentioned, raising eight hundred million dollars in sipo. That deal price at the midpoint of a range, which stands out because we've been seeing a lot of tech IPOs pricing above the range
and upsizing and having these big pops. Was not the case with the ticketing platform going to be an interesting one to watch, but not really strong.
I'm only asking this because you cover IPOs, you cover the space closely. Is this specific to stub hub because we also had some issues with Gemini today falling below its IPO price.
Gemini broke its IPO price closed down I want to say percent, don't quote me on that, but we did thirteen percent, so even worse. But we did see water Bridge, which is the energy space. They also IPO today closed up fourteen percent and that deal price quite well.
So more of a stop hub story links that way.
It netscope pricing anytime in the next fifteen minutes to three hours, so that'll be in the cyberspace, which will be another data point. But it is certainly something we're talking about. Is there investor fatigue? Are we working our way down the list of Class A to Class B assets? But again step Hub from the start, at least talking to investors in bankers was going to be a bit more difficult or interesting if you will.
Okay, workday also on your radar. Work down the radar.
One of the best gays in quite some time so far this year, best day since April. Ticker wday second best performer in the S and P five hundred. Kind of a range of news, so they had a strong
investor day. They also had activist investor Elliott unveil a two billion dollar plus investment and kind of applaud the company again did not close it its peak was up closer to ten percent, but really a strong move for the HR software platform, and it does seem like at least again that vote of confidence from Elliott continuing to help kind of bolster their broader view.
They authorized a buy back too, right up to.
Four an additional four billion dollars buyback, so you're right drop of everything if you were looking for a reason to buy a stock. That again, though, I still think is down year to date, so maybe not one of the big gainers like a number of other companies, but trying to work it.
Down about nine percent year to date. Yeah, exactly. Let's get to ho Logic.
So this is a company that bloombergoarded is targeted potentially as a takeover target. So Bloomberg breaking right in the final minutes of the day that Blackstone and TPG are said to revive their interest in acquiring the medical device maker. So re engaging with the company's board in recent weeks about a potential takeover. This is about a fifteen billion dollar market cap company did trade up about seven and
a half almost eight percent seven point seven percent. Ticker Holx was the best performer in the S and P five hundred, outperforming work Day by a smidge but still, this is another company that on the year to date performance, healthcare has been out of favor, down about five percent.
Still 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.