Webull Sinks, SpaceX Falls, Constellation Brands Slides on ‘Overly Cautious’ Outlook

On this episode of Stock Movers:

- Webull (BULL) shares sink as much as 24%, the most since April 2025, after CNBC reported that the US House Select Committee on China is set to release a report on Wednesday that Webull is tied structurally to the government in China, raising national security concerns.

- SpaceX (SPCX) shares fall. SpaceX is seeking to raise $40 billion in a financing effort led by Apollo Global Management to purchase Nvidia chips, the Financial Times reports, citing unidentified people familiar with the matter. SpaceX is seeking to raise about $10b in bank loans and $30b in investment-grade debt to fund the chip order.

- Constellation Brands (STZ) shares slide. The maker of Modelo Especial and Corona Extra reaffirmed its comparable earnings per share forecast for the full year. The company also announced the acquisition of SpikedAde, a vodka-based drink brand. 

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