Morning Movers: Paramount slides as Bronfman drops bid

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

HIGHER – 

• Cleveland-Cliffs (CLF) up 2% after Seaport upgraded shares to Buy
• Energizer (ENR) up 2% as Truist upgrades to Buy on battery stability returning

DOWN AFTER EARNINGS/GUIDANCE –

• Heico (HEI) down 2% after the company’s Q3 sales and operating income missed analyst estimates

LOWER –

• Paramount Global (PARA) down 5% as Edgar Bronfman Jr. dropped out of the bidding for the media company, ending the “go-shop” period related to the Skydance takeover agreement
• Cava Group (CAVA) down 8% after the company disclosed Artal International’s divesture of 6M shares worth around $732M via a spot secondary block offering
• Hims & Hers (HIMS) down 5% after Eli Lilly (LLY) announced Zepbound 2.5 mg and 5 mg single-dose vials are available for self-pay for patients with an on-label prescription
• Hershey (HSY) down 2% after Citi downgraded shares to Sell