Hims & Hers Health Falls, On Holding Tumbles, Riot Platform Rises on Anthropic Deal

On this episode of Stock Movers:

- Hims & Hers (HIMS) shares fall ahead of earnings. Hims & Hers Health Inc. plans to sell peptides, including sermorelin and glutathione, before the end of the year. The company is also awaiting a decision from the US Food and Drug Administration on whether to loosen restrictions on seven different compounds.

- On Holdings (ONON) shares tumbled as much as 18% after the Swiss sneaker maker’s efforts to protect margin by maintaining full-price selling in a highly promotional environment hurt sales performance in the quarter. Management cut its annual topline outlook.

-Riot Platforms (RIOT) rises. Anthropic PBC has struck a $9.1 billion deal with Riot Platforms Inc., a Bitcoin mining company that sells AI data center capacity. The deal is for 191 megawatts of computing from Riot's Rockdale, Texas, campus to Anthropic, which is expected to generate $9.1 billion in revenue for Riot.

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