Closing Bell: HIMS Surges, Uber & DoorDash Sinks, Paramount Drops

Today's biggest winners and losers in the stock market.

On this episode of Stock Movers:

Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Griefeld, Carol Massar and Norah Mulinda

- Hims & Hers (HIMS) shares rallyed Monday after Novo said it had agreed to sell its Ozempic and Wegovy injectables, as well as an oral version of Wegovy, through Hims' online pharmacy. Hims surged 38% to $21.75, putting the stock on track for its largest single-day percentage increase on record, according to Dow Jones Market Data. Novo's U.S.-listed shares advanced 1.9% against a 0.6% decline for the benchmark S&P 500.

- Uber (UBER) and DoorDash (DASH) shares sank today after oil prices continued to rise due to the conflicts in the Middle East.

- Warner Bros. Discovery (WBD) is the target of a $110 billion acquisition by Paramount Skydance (PSKY) in which Tencent plans to invest several hundred million dollars as a passive financial backer, Bloomberg News reported Monday, citing unnamed people familiar with the situation. Wells Fargo set Paramount Skydance's ratings at underweight, with a price target of $10. Shares of Paramount Skydance dropped 8%, with intraday trading volume at over 7.8 million versus a daily average of roughly 10.6 million.

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