Devon Energy and Coterra Energy Fall on $58B Merger; Crypto-Linked Stocks Fall After Bitcoin Tumbles Over Weekend; Oracle Kicks Off US Dollar Bond Sale
Today's biggest winners and losers in the stock market.On this episode of Stock Movers:- Devon Energy (DVN) shares fell and Coterra Energy dropped after the firms said they will merge in an all-stock transaction with a combined enterprise value of around $58 billion. Energy stocks are also trading lower on Monday amid a slump in oil prices.- Cryptocurrency-linked stocks, like Coinbase (COIN,) fall in premarket trading after Bitcoin prices over the weekend slid to their lowest price since April.- Oracle (ORCL) has kicked off a US dollar bond offering as the software giant looks to raise $45…
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