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Why It Moves

Why Hims & Hers Health (HIMS) Shares Are Trading Lower Today

Shares of telehealth company Hims & Hers Health (NYSE:HIMS) fell 8% in the afternoon session after the U.S. Food and Drug Administration raised concerns about unapproved GLP-1 drugs used for weight loss, including versions (compounded) prescribed by Hims & Hers. There had been growing market demand for weight loss drugs in recent months, and they've evolved to be a significant driver of sales growth for manufacturers and distributors. The FDA's concerns could indicate tighter regulatory scrutiny, which restricts the ability of suppliers like Hims & Hers to get the affected versions to consumers.

Mar 18, 2025
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Why It Moves

Why Wayfair (W) Shares Are Falling Today

Shares of online home goods retailer Wayfair (NYSE:W) fell 7.4% in the morning session after markets seemed to have caught "tariff/trade war fever" once again (Nasdaq down 1.9%, S&P 500 down 1.2%) amid broader geopolitical anxiety. The volatility was perhaps also related to uncertainty surrounding the Fed's rate decision to be announced later in the week. The consensus estimate was for the Fed to keep interest rates at the range of 4.25%-4.5%. 

Mar 18, 2025
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Why It Moves

Why Reddit (RDDT) Stock Is Nosediving

Shares of online community and discussion platform Reddit (NYSE:RDDT) fell 11.9% in the afternoon session after markets seemed to have caught "tariff/trade war fever" once again (Nasdaq down 1.9%, S&P 500 down 1.2%) amid broader geopolitical anxiety. The volatility was perhaps also related to uncertainty surrounding the Fed's rate decision to be announced later in the week. The consensus estimate was for the Fed to keep interest rates at the range of 4.25%-4.5%. 

Mar 18, 2025