Hims & Hers Sinks; Kroger's Next CEO; STMicro Rises
Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Hims & Hers Health (HIMS) shares tumble after the telehealth company said it will stop selling its recently-launched copycat version of the new Wegovy weight-loss pill.
- Kroger (KR) plans to name Greg Foran as the supermarket chain’s next chief executive officer, according to a person familiar with the matter, as the nation’s largest grocer looks to carve a new path after a failed megadeal and an unexpected exit of its former boss. Kroger replaced CEO Rodney McMullen in March after an investigation into his personal conduct, which followed a failed $24.6 billion merger with Albertsons Cos. that was blocked on antitrust grounds. The company didn’t specify the nature of his conduct.
- STMicro (STM) shares rise as much as 6.5% to the highest since October after the chipmaker said it’s expanding collaboration with Amazon’s AWS, an agreement that analysts say will help increase exposure to the fast-growing AI data center market.
See omnystudio.com/listener for privacy information.
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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Hims & Hers Health (HIMS) shares tumble after the telehealth company said it will stop selling its recently-launched copycat version of the new Wegovy weight-loss pill.
- Kroger (KR) plans to name Greg Foran as the supermarket chain’s next chief executive officer, according to a person familiar with the matter, as the nation’s largest grocer looks to carve a new path after a failed megadeal and an unexpected exit of its former boss. Kroger replaced CEO Rodney McMullen in March after an investigation into his personal conduct, which followed a failed $24.6 billion merger with Albertsons Cos. that was blocked on antitrust grounds. The company didn’t specify the nature of his conduct.
- STMicro (STM) shares rise as much as 6.5% to the highest since October after the chipmaker said it’s expanding collaboration with Amazon’s AWS, an agreement that analysts say will help increase exposure to the fast-growing AI data center market.
See omnystudio.com/listener for privacy information.
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