Morning Movers: Hims & Hers drops after deciding to stop selling Wegovy copycat

Equity futures edged slightly lower Monday as investors await the January jobs report and inflation data, as well as earnings reports, following a volatile week that included a tech-led selloff and a brief Bitcoin plunge. Markets had bounced Friday after earlier losses, with the Dow hitting a milestone amid the sector volatility.

In pre-market trading, S&P 500 futures fell 0.04%, Nasdaq 100 futures fell 0.1% and Dow futures fell 0.06%.

Check out this morning’s top movers from around Wall Street, compiled by The Fly. 

HIGHER – 

• Eli Lilly (LLY) up 2% after agreeing to buy Oma Therapeutics for $2.4B in cash
• Kroger (KR) up 7% after naming former Walmart US (WMT) head Greg Foran as its new CEO
• SoFi Technologies (SOFI) up 2% after Citizens upgraded the stock to Outperform from Market Perform
• Tegna (TGNA) up 9% after President Donald Trump vocalized support for Nexstar’s (NXST) proposed $3.5B acquisition of the company

UP AFTER EARNINGS – 

• Apollo Global (APO) up 2%

DOWN AFTER EARNINGS – 

• Cleveland-Cliffs (CLF) down 4%
• Kyndryl Holdings (KD) down 51%
• Monday.com (MNDY) down 15%

LOWER – 

• Hims & Hers (HIMS) down 22% after company pulls copycat weight-loss pill, Novo Nordisk (NVO) sues
• Li Auto (LI) down 3% after JPMorgan downgraded the stock to Underweight from Neutral