MGM Resorts Rises, ServiceNow Gains, GoPro Falls After Warning on Going Concern in Filing |...

Added: 2026-06-03

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[00:00:08]>> The Stock Movers Report. Your roundup of companies making moves in the stock market, harnessing the power of Bloomberg data.

[00:00:16]>> Let's get a check of stocks on the move right now. For [music] um that, we bring in Avalon Pernal to take a look at some big movers. Uh even as the indexes themselves are little changed. What do you have?

[00:00:26]>> Yes, we can start off with MGM Resorts.

[00:00:28]That's ticker MGM, currently up about 14% to hit its highest intraday level since 2023. And that's after Barry Diller's people proposed to buy the remaining part of the international resort and casino operator that he doesn't already own. He's offering about $48, a little bit more than that, for the remaining part of the company. But I did find it interesting that this is happening about a week after their rival Caesars was also taken private. And the move is making it the top gainer.

[00:00:53]>> Okay, very good. I mean, I'm surprised Barry Diller who's 84 years of age wants to kind of triple down on the gaming.

[00:00:59]>> Once a deal maker, always a deal maker.

[00:01:00]>> I guess that's the case. And he's one of the best, that's for sure. How about ServiceNow?

[00:01:03]>> Yes, that's ticker NOW, currently up about 8.5% to hit its highest intraday level since January. And that's after Nvidia CEO brushed off concerns that the software industry is at risk of being disrupted by those more advanced AI tools. Instead, Jensen Wong said that he sees more use of these tools because of AI in the future. And that is obviously very welcome news to software companies like ServiceNow that have come under a lot of pressure this year as investors really question if AI will continue to cannibalize their business.

[00:01:32]>> And Avalon, you have one that's a good throwback name.

[00:01:35]>> Yes, GoPro. That's ticker GPRO, currently sliding about 11%. And that's after the wearable camera maker warned about its ability to continue as a going concern in a financial statement. It is quite tiny now, but worth noting that tariffs, rising memory costs, and [music] supply chain issues have weighed on its bottom line.

[00:01:52]>> The Stock Movers Report from Bloomberg Radio. Check back with [music] us throughout the day for the latest round up of companies making news on Wall Street and for the latest market moving headlines, listen [music] to Bloomberg Radio live. Catch us on YouTube, bloomberg.com, and on Apple CarPlay [music] and Android Auto with the Bloomberg Business app.