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The Stock Movers Report, your roundup of companies making moves in the stock market, harnessing the power of Bloomberg Data. Hey, I'm Carol Master along with Tim Stanevik. Let's get to some stocks on the move.
For that, we're joined by Bloomberg TV Markets correspondent Nora Melnda.
Nora got to talk about Broadcom this week.
A lot to choose from. Of course, we have to start with Broadcom ticker AVGO because essentially the cull forrit for why we saw a lot of people selling off in the tech space today at the closing bell. But we did see this company down about fourteen percent over the past five days, up about eleven percent a year to date. But the reason that we were seeing the weakness over the past couple days is because of its
forecast for sales of its AI chips, disappointing investors. We know that a lot of Wall Street has a high bar for names like this, and unfortunately it didn't really meet the high end of expectations.
Here, we should note we're out here San Francisco for the Bloomberg Tech sum at. Tom Giles spoke with hot Tan the CEO over at Broadcom. If you missed that conversation, they definitely talked about the stock sell off, the aihipe cycle, and more. That was late yesterday, after the close and after those numbers came out and after the selloff. To be sure to check that one out on the Bloomberg terminal or at Bloomberg dot com. All right, let's go
from technology and chips to crypto Coinbase. What you watching?
Well, this, I'm looking at Coinbase taker cooi in. This is actually the worst performer in the S and P five hundred this week, down nineteen percent. And of course, we really are seeing a lot of people fleeing from any sort of speculative sector. So when you see any sort of risk off momentum in the market, you're certainly going to see a lot of people fleeing companies like Coinbase. Also, we did have Baird on Wall Street naming the company
a new bearish pick. They're citing week trading volumes. So this is a company that has really seen a lot of people leaving its name. This week, the stock is down thirty three percent so far in twenty twenty six.
Wow, okay, that's Coinbase. What about when it comes to healthcare today and health insurance. You're watching a big name there too.
Well. I wanted to leave on a bright note. Humana Shares Take your hum the best performing stock in the S and P five hundred this week, up double digits, up fifteen percent this week. Now. This is after the company said that it plans to reaffirm and adjusted EPs forecast for the full year at meetings between senior management
and investors. This is all according to a filing we see Marclay saying that this is a positive sign that favorable MA cost trends half persisted through May, especially as we think about significant reductions in terms of twenty twenty six downside risk for the company that have emerged in the second quarter. So stop doing pretty decently on a year to date basis off about thirty seven percent.
Here this 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.