Investors are Bearish on These 5 Stocks Today

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In this article, we take a look at five stocks that are losing today. If you want to take a look at some more stocks that are declining on Monday and the latest market situation, go to Investors are Bearish on These 10 Stocks Today.

5. Shaw Communications Inc. (NYSE:SJR) has fallen 9.22% as of 11:56 AM ET after it was revealed that the Canadian Commissioner of Competition plans to oppose the company’s $16 billion merger with Rogers Communications Inc. (NYSE:RCI). The application will be filed with the Competition Tribunal. Shaw Communications Inc. (NYSE:SJR) intends to offload its wireless business, Freedom Mobile, to complete the merger. This action would be required to address the concerns related to the highly competitive wireless market following the merger. For the deal to go through, Rogers Communications Inc. has requested its competitor Quebecor Inc. to bid for Freedom Mobile.

Shaw Communications Inc. (NYSE:SJR) was held by 19 hedge funds at the end of Q4 2021.

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