Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Devon Energy (DVN) shares fell and Coterra Energy dropped after the firms said they will merge in an all-stock transaction with a combined enterprise value of around $58 billion. Energy stocks are also trading lower on Monday amid a slump in oil prices.
- Cryptocurrency-linked stocks, like Coinbase (COIN,) fall in premarket trading after Bitcoin prices over the weekend slid to their lowest price since April.
- Oracle (ORCL) has kicked off a US dollar bond offering as the software giant looks to raise $45 billion to $50 billion through a combination of debt and equity sales to build additional cloud infrastructure capacity.The bond deal is expected to be about $20 billion to $25 billion, according to people with knowledge of the matter, who asked not to be identified because they’re not authorized to speak publicly.

Weekly Roundup: Dell Rises, Walmart Slides, Intuit Plunged
04:17

Closing Bell: Qualcomm Soars, Dell Rises, BJ Drops
04:53

Uber Falls, IMAX, Lenovo Jump
05:10