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.

Tyson Foods Rises, Walt Disney Falls, Oracle Gains on Plans to Raise Up to $50 Billion
03:05

Coinbase Drops, Walt Disney Falls, MP Materials Rises on Trump Launching $12 Billion Minerals Stockpile
03:34

Disney Beats Forecasts; Tesla Sales Slump in Norway; Oracle's Cloud Investment
04:21