Hims & Hers Falls, Kroger Rises, Monday.com Sinks on Weak Forecast - podcast episode cover

Hims & Hers Falls, Kroger Rises, Monday.com Sinks on Weak Forecast

Feb 09, 20262 min
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Episode description

On this episode of Stock Movers:

- Hims & Hers (HIMS) shares fall on news that Novo Nordisk is suing the company for making knock-offs of its obesity medicines, including a copycat version of the Wegovy pill. The lawsuit targets not only Hims's copycat pill but also shots that mimic Novo's Wegovy and Ozempic, with Novo arguing that Hims's products are putting patient health and wellbeing at risk.

- Kroger (KR) shares rise after the company named Greg Foran its chief executive officer as the nation’s largest supermarket operator seeks to reset after a failed mega-merger and the sudden exit of its former leader.

- Monday.com (MNDY) shares sink after the software company’s revenue forecast was weaker than expected. According to Bloomberg Intelligence: Monday.com's below-consensus 2026 outlook reinforces our caution around seat-based business models amid slower AI-feature monetization, a shift toward agentic workflows and newer product rollouts from foundational model providers that increase the risk of disintermediation.

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Transcript

Speaker 1

Bloomberg Audio Studios, podcasts, radio News. The Stock Movers report, your roundup of companies making moves in the stock market, harnessing the power of Bloomberg Data. Just take a look at some of the stocks on the move today. We are joined by Bloomberg Television's markets correspondent, normally Linda Nor. What are you looking at today?

Speaker 2

Well, Novo Nordis and Hymns and Hers. We're really seeing this drama continuing. We do know that shares of Hymns and Hers take Her, hims Hears are plunging more than twenty percent. The stock is hitting its lowest level since October twenty twenty four. This is after Novo Nordists said that it's suing the company for making knockoff a knockoff

version of its obesenty medicines. We know Wigovy's really been in focus here, but this is even after Hymns and Hers scrapped the plans to sell a copycat version of the Wogov pill after they were being hit with a lot of scrutiny coming from the government as well. But we are still seeing shares of Novo Nordis up by about three point seven percent right now in trading so interesting. We'll have to see how this progresses here. Scarlett absolutely

keeping an eye on that one. What's next on your list? Also looking at shares of Kroger, we're seeing the stock up as much as eight point four percent today. That's the biggest jump we've seen on an inter day basis since June of last year. This is after we did see that the grocery company named of retail veteran Greg Forren as it's CEO and also reinstated twenty twenty five guidance.

Wall Street analysts are saying that the new CEO Forun's previous success at Walmart should make him a solid higher for Kroger, and we are seeing shares of Kroger up about fourteen percent so far this year.

Speaker 1

All right, one one lastly looking at.

Speaker 2

Shares of Monday dot Com. This is taker MNDY, the stock earlier falling to its lowest level ever, plunging as much as twenty six percent, and this is after the company's forecast came in weaker than expected. So you're really seeing the stock getting hit today. Shares of the company down about forty eight percent so far this year. Ninuing that tumble there.

Speaker 1

The stockmover's report from Bloomberg Radio. Check back with us throughout the day for the latest roundup of companies making news on Wall Street and for the latest market moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, Bloomberg dot com, and on Applecarplay and Android Auto with the Bloomberg Business app.

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