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Stock's on the Move. I'm Charlie Palot joining us now Bloomberg Equities reporter Natalia Kenivachevich, who is here to discuss a number of stocks that are moving. And I do want to begin with the gift that keeps on giving, Natalia, that is WBD Warner Brothers Discovery. What's happening with the stock today, Charlie.
So, the stock is down by one point four percent to day after reports from The New York Post saying that Paramount Skuidance could walk away from its thirty per sure cash bit and instead it could litigate against the company's board for how it handled the process. People inside Paramount Skuidance told The New York Post that they want allergy that directors and management ignored their six to all cash offer for the company and actually favored Netflix's cash
stock bits throughout the bidding process. But as of now, we are still waiting, and we have time until late January until investors would make a decision.
And what I read between the lines on this as well. We've got a weekend coming up for a lot of people. I'm betting that the bankers are going to be working over the weekend for any developments come Monday.
Absolutely, I'm sure that next week we hear more news on this potential deal.
So switching gears now from Warner Brothers Discovery over to Sable Offshore. Sooc on the ticker. What's going on with Sable?
So we have this news development. So on December twenty third, the stock jumped by almost thirty seven percent after US regulators issued an emergency special permit for a part of that can tested California pipeline, which would pave the way for Sable Offshore to begin pumping crude at its offshore oil rigs. But today we got news that Environmental Defense Center and Center for Biological Diversity filed an emergency motion
to hold the restart of this contested California pipeline. Environmental groups are saying that restarting the pipeline would invite invite another oil disaster on the Central Coast. So that is why the stock is done by almost thirteen percent today. And again this is still in process and we may hear more news maybe early next year or maybe even next week.
So we switch gears now from Sable Offshore, one of two downstocks today, over to a retailer that is moving higher and that is Target. What's going on there right?
So the Target TGT shares are up by two point seven percent today after Findial Times reported that an activist investor built a stake in the big box retailer. They, citing people familiar with the matter, the ft said that Tom's Capital Investment Management made a significant investment in Target without disclosing any details in response to this request for a common target set, that it maintains quote a regular dialogue with investment community and it has a priority to
get back to growth anyway. Despite this game, today we see that the stock is down by almost thirty percent on a year today basis.
The stock Mover's 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.