Yahoo Finance

Now, time for some of today's trending tickers. We're checking in on shares of Tempus AI, Box and Victoria's Secret. Tempus AI taking a big hit today after Spruce Point issued a short-sell report on the health technology company. The report raising serious concerns about Tempus AI's product, the credibility of its management and its financial reporting practices. In a statement to Yahoo Finance, Tempus said, quote, we do not intend to respond to a report that is riddled with hypotheticals and inaccuracies and fails to address Tempus's history of strong financial performance and impressive growth. Um, the shares though are taking a hit on some of the allegations here made in Spruce Point's report.

Yeah, I mean Spruce Point goes after the executives, they go after the company. They say it's run by leaders who have a dubious history. Talks about what they call aggressive and suspicious accounting practices. Uh we believe that owning shares, they say is a poor risk reward on a flawed equity growth story owing to its appeal to the AI hype despite, they say only two percent of revenue stemming from AI applications. They're short this name. Street is is fairly divided. You got seven buys and six holds.

Yeah, and among other things they talk about notable partnerships and the deal announced with AstraZeneca and Pathos AI. That those partnerships merit scrutiny according to Spruce Point, as they quote, appear to be weakening and ultimately signal pressures to the company.

Yep. We shall see.

Shares of cloud storage company, that would be Box, jumping after beating expectations in its first quarter, raising its revenue forecast. So in the green today, did raise that full year forecast. The street is broadly positive on this name. City, for example, likes it. Uh, same box report, they say strong quarter, outsized billings, encouraged, they say by back-to-back solid bookings quarters driven by AI features resonating. Uh CEO Aaron Levy been enjoying a nice run. I mean, this stock's up nearly 50% over the past 12 months here.

Yeah, exactly. City talking about the back-to-back solid bookings that the quarter has had, as you mentioned. Um, and a lot of the analysts in fact mentioning the billings that the company has been seeing. So it seems as though that sort of indicator is something that that folks are liking here. And anytime you throw AI on something, they seem to be liking it.

Yeah, and Levy also good talker.

Sure.

Good talker.

That doesn't hurt.

No.

Shares of Victoria's Secret sinking today as the company deals with issues on their website. With some customers saying they've been unable to shop online since at least Monday. The site showing a black screen with the text, quote, we have identified an issue affecting the operation of our site. You see there, that's what you get if you go to Victoria's Secret. They said in a statement to Bloomberg that there was some kind of attack or some kind of security issue, but they did not specify what it was. Um, but obviously, in this world in which so much stuff is sold online, if you can't buy stuff from a company online, it's not great.

Yeah, and all this coming as an activist, we know is circling BBRC, trying for a takeover. They are reporting earnings next week, so I would expect we get more color and commentary then. By the way, this stock down about 50% this year. It has been shelled.

Yeah.

Yeah.

It has been trying to turn around to right size its footprint, to change its offerings.

Look at that chart, wow.

So, yes, the chart tells that the story's not been working exactly.