5 Market-Moving Stocks to Watch on Monday

4. HSBC Holdings plc (NYSE:HSBC) has declined 0.90% as of 10:42 AM ET after Reuters reported that the British bank is under pressure from Ping An to break itself up. Ping An, a China-based insurance company, first took an ownership interest in HSBC Holdings plc (NYSE:HSBC) in 2017. The financial giant has now become HSBC Holdings plc’s (NYSE:HSBC) largest shareholder, with a stake worth over 8%. Ping An has also presented the breakup plan to HSBC Holdings plc’s (NYSE:HSBC) board of directors.

At the end of Q4 2021, 10 hedge funds reported owning a stake in HSBC Holdings plc (NYSE:HSBC).