On this episode of Stock Movers:
- Target (TGT) shares slump after the company named veteran Michael Fiddelke as its next chief executive officer, betting that the insider will revive the storied retailer struggling with weak sales.
- Lowe's (LOW) shares jump after the company agreed to buy Foundation Building Materials for about $8.8 billion in cash to serve more professional customers. Foundation Building has a network of over 370 locations in the US and Canada and had about $6.5 billion in sales last year.
- Popmart (POPMF) shares rise after news that the Chinese toymaker known for Labubu dolls is planning to launch a new mini Labubu. The craze has fueled a 204% increase in year-on-year revenue in the first half of 2025.

On this episode of Stock Movers: - Target (TGT) shares slump after the company named veteran Michael Fiddelke as its next chief executive officer, betting that the insider will revive the storied retailer struggling with weak sales. - Lowe's (LOW) shares jump after the company agreed to buy Foundation Building Materials for about $8.8 billion in cash to serve more professional customers. Foundation Building has a network of over 370 locations in the US and Canada and had about $6.5 billion in sales last year. - Popmart (POPMF) shares rise after news that the Chinese toymaker known for Labubu dolls is planning to launch a new mini Labubu. The craze has fueled a 204% increase in year-on-year revenue in the first half of 2025.

Listen for five-minute conversations on today's biggest winners and losers in the stock market. Subscribe for analysis on the companies making news on Wall Street.

Listen for five-minute conversations on today's biggest winners and losers in the stock market. Subscribe for analysis on the companies making news on Wall Street.

Listen for news on today's biggest winners and losers in the stock market.

Stock Movers

Target Slumps, Lowe's Jumps, Popmart Rises on Labubu News

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/327fbf7e-d65e-4f6e-a209-b33f00edc34e/transcript

- SoftBank Group Corp. agreed to acquire DigitalBridge Group Inc. (DBRG) in a deal valuing the data center investor at $4 billion including debt. That caused shares of DigitalBridge to soar. The Japanese conglomerate will pay $16 per share in cash for New York-listed DigitalBridge as part of its push to invest in digital infrastructure. The transaction is expected to close in the second half of 2026, pending regulatory approvals, and will bring to SoftBank relationships with more investors keen to deploy money in the data center industry.

-Nvidia (NVDA) shares were down 1.6% at $187.45 in early trading due to broader jitters about the technology sector and its agreement to license technology from Groq. The deal valued Groq at around $20 billion and will involve Nvidia hiring many of Groq's key employees, according to reports. Tesla (TSLA) also drops. 

- Lululemon (LULU) founder and major shareholder Chip Wilson has nominated three new board directors to oversee the appointment of a new chief executive at the struggling activewear maker, which has also been targeted by activist investor Elliott Management.

- SoftBank Group Corp. agreed to acquire DigitalBridge Group Inc. (DBRG) in a deal valuing the data center investor at $4 billion including debt. That caused shares of DigitalBridge to soar. The Japanese conglomerate will pay $16 per share in cash for New York-listed DigitalBridge as part of its push to invest in digital infrastructure. The transaction is expected to close in the second half of 2026, pending regulatory approvals, and will bring to SoftBank relationships with more investors keen to deploy money in the data center industry. -Nvidia (NVDA) shares were down 1.6% at $187.45 in early trading due to broader jitters about the technology sector and its agreement to license technology from Groq. The deal valued Groq at around $20 billion and will involve Nvidia hiring many of Groq's key employees, according to reports. Tesla (TSLA) also drops.&nbsp; - Lululemon (LULU) founder and major shareholder Chip Wilson has nominated three new board directors to oversee the appointment of a new chief executive at the struggling activewear maker, which has also been targeted by activist investor Elliott Management.

DigitalBridge Surges on Softbank Talks, Tech Stocks Slip, Lululemon Edges Higher

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/8ec27b58-5645-49ba-a59e-b3c2013fa290/transcript

On this episode of Stock Movers:
- Nvidia (NVDA) shares were down 1.6% at $187.45 in early trading due to broader jitters about the technology sector and its agreement to license technology from Groq. The deal valued Groq at around $20 billion and will involve Nvidia hiring many of Groq's key employees, according to reports.

- SoftBank Group Corp. agreed to acquire DigitalBridge Group Inc. (DBRG) in a deal valuing the data center investor at $4 billion including debt. That caused shares of DigitalBridge to soar. The Japanese conglomerate will pay $16 per share in cash for New York-listed DigitalBridge as part of its push to invest in digital infrastructure. The transaction is expected to close in the second half of 2026, pending regulatory approvals, and will bring to SoftBank relationships with more investors keen to deploy money in the data center industry.

- Lululemon (LULU) founder and major shareholder Chip Wilson has nominated three new board directors to oversee the appointment of a new chief executive at the struggling activewear maker, which has also been targeted by activist investor Elliott Management.

On this episode of Stock Movers: - Nvidia (NVDA) shares were down 1.6% at $187.45 in early trading due to broader jitters about the technology sector and its agreement to license technology from Groq. The deal valued Groq at around $20 billion and will involve Nvidia hiring many of Groq's key employees, according to reports. - SoftBank Group Corp. agreed to acquire DigitalBridge Group Inc. (DBRG) in a deal valuing the data center investor at $4 billion including debt. That caused shares of DigitalBridge to soar. The Japanese conglomerate will pay $16 per share in cash for New York-listed DigitalBridge as part of its push to invest in digital infrastructure. The transaction is expected to close in the second half of 2026, pending regulatory approvals, and will bring to SoftBank relationships with more investors keen to deploy money in the data center industry. - Lululemon (LULU) founder and major shareholder Chip Wilson has nominated three new board directors to oversee the appointment of a new chief executive at the struggling activewear maker, which has also been targeted by activist investor Elliott Management.

Nvidia Slips,  DigitalBridge Surges, Lululemon Up

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/a02fa15b-225f-4778-a4f5-b3c201277d46/transcript

On this episode of Stock Movers:

- Novo Nordisk (NVO) cut the price of its obesity drug Wegovy in China as the Danish drugmaker gears up for a potential flood of copycats. The reduction will “help alleviate the treatment burden for patients and improve their quality of life,” a spokesperson said by email. The list prices for the two highest dosages of Wegovy were cut by half in some Chinese provinces, local media Yicai reported on Monday, citing drug-procurement documents for southwestern Chinese provinces Yunnan and Sichuan. Shares of Novo Nordisk slipped.

- Praxis Precision (PRAX) rose after getting breakthrough therapy designation by FDA for its medication ulixacaltamide, which treats patients with essential tremor. 

- Lululemon (LULU) founder Chip Wilson is pushing for changes to the board before the yogawear company selects a new chief executive officer. Wilson, one of Lululemon’s largest shareholders, nominated three director candidates for election at the 2026 annual meeting: former On Holding co-CEO Marc Maurer, former ESPN Chief Marketing Officer Laura Gentile and former Activision CEO Eric Hirshberg. Lululemon is unlikely to reach its goal to double sales to $12.5 billion in 2026 even with a lead over its activewear peers, according to a note from Poonam Goyal, senior analyst at Bloomberg Intelligence.

On this episode of Stock Movers: - Novo Nordisk (NVO) cut the price of its obesity drug Wegovy in China as the Danish drugmaker gears up for a potential flood of copycats. The reduction will &ldquo;help alleviate the treatment burden for patients and improve their quality of life,&rdquo; a spokesperson said by email. The list prices for the two highest dosages of Wegovy were cut by half in some Chinese provinces, local media Yicai reported on Monday, citing drug-procurement documents for southwestern Chinese provinces Yunnan and Sichuan. Shares of Novo Nordisk slipped. - Praxis Precision (PRAX) rose after getting breakthrough therapy designation by FDA for its medication ulixacaltamide, which treats patients with essential tremor. - Lululemon (LULU) founder Chip Wilson is pushing for changes to the board before the yogawear company selects a new chief executive officer. Wilson, one of Lululemon&rsquo;s largest shareholders, nominated three director candidates for election at the 2026 annual meeting: former On Holding co-CEO Marc Maurer, former ESPN Chief Marketing Officer Laura Gentile and former Activision CEO Eric Hirshberg. Lululemon is unlikely to reach its goal to double sales to $12.5 billion in 2026 even with a lead over its activewear peers, according to a note from Poonam Goyal, senior analyst at Bloomberg Intelligence.

Novo Nordisk Falls, Praxis Precision Rallies, Lululemon Rises

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/4ece5594-901b-433c-ab75-b3c20119b2c8/transcript

Target Slumps, Lowe's Jumps, Popmart Rises on Labubu News

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