On this episode of Stock Movers with Lisa Mateo:
– Metsera (MTSR) shares tank in premarket trading after Novo Nordisk A/S declined to further raise its offer for the US maker of an experimental weight-loss drug, bringing a bidding war with Pfizer Inc. to an end. Novo, the maker of Wegovy and Ozempic, decided to drop out of the running for Metsera on Saturday after Pfizer matched its latest offer in a takeover battle that had caused concern the bidders might be overpaying for an unproven asset.
– Instacart (CART) shares soared ahead of the US market open after the online grocery company reported third-quarter results that beat expectations, indicating that demand for its core grocery delivery service has been holding strong. Orders grew 14% to 83.4 million in the July-to-September period, the company said in a shareholder letter on Monday. Wall Street was expecting 82.9 million, according to Bloomberg-compiled estimates.
– Tyson Foods (TSN) rallied in early trading despite the company saying it expects results for next year to be little changed as its beef segment continues to lose money, even as the Trump administration points to the meatpacking industry for driving up prices. The US’s biggest meatpacker sees adjusted operating income of $2.1 billion to $2.3 billion for fiscal 2026, compared to $2.29 billion this year.
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