Happy Monday Zingers! It’s annoying enough when someone says to me, “Sounds like someone has a case of the Mondays.” Imagine how bad it is for Monday.com.

The productivity software company stock dropped more than 10% today following a weak revenue outlook. Yes, Monday lost $1 billion in valuation on Monday.

I’d make a joke — but I’m sure they’ve heard it before.

Today’s Price Action:

$SPY: -.04%
$QQQ: -.39%
$DIA: +.36%

Also, check out the name that’s changing how people work out from home.

And, did someone forward you this email? Click here to subscribe to this Benzinga newsletter and more.

TODAY’S MOST VOLATILE STOCKS

ONE TOP MOVER

Arm Shares Continue Surge, Close Up More Than 25%

Briefly: Maybe the “buy high and sell higher” crowd is onto something.

Back Up: Last week, $ARM’s stock surged more than 70% after the company’s strong earnings report.

But Still: It wasn’t finished there. Bullish traders piled into $ARM’s stock today, pushing share prices from $120 at the open to more than $160 at one point.

Big Picture: The British chip maker is now up more than 100% from its open price a week ago and has added more than $75 billion to its market cap.

What Next: Read more here.

PRESENTED BY BEACHBODY

Taking The Gym To The Living Room: How Beachbody is Getting in Shape With its Overhaul

Habits learned during the pandemic are hard to break. That’s particularly true of the at-home fitness market. It’s projected to grow at a CAGR of 32.7% through 2032, reaching a valuation of $250.7 billion.

The Beachbody Company, Inc. (NYSE: BODY) is trying to capitalize on that. The granddaddy of at-home workouts, which now goes by BODi, has made a name for itself thanks to fitness programs like P90X and Insanity. At last count, it has a library of over 120 different workouts. It also does brisk business selling Shakeology and other fitness-focused supplements and drinks.

Under the leadership of executive chairman Mark Goldston, BODi has successfully navigated a turnaround, slashing $165 million in costs since 2021, and launching a 1000 bps improvement in Sales and Marketing in 2024. The company's focus on the digital platform overhaul has resonated with users, with about 60% of subscribers renewing with the new BODi offering, surpassing internal expectations.

As the fitness landscape continues to evolve, BODi's strategic initiatives and adaptability should position it as a player in the flourishing virtual fitness market. Click here to learn more about the BODi platform.

FIVE MOVERS

Shopify stock moved slightly lower on the day following a cautious outlook by an analyst that covers the company.

ZoomInfo shares were zoomin’ fo sho after the close today, following a stronger-than-expected earnings report.

TripAdvisor stock surged more than 13% after the company announced it formed a special committee to evaluate potential transaction proposals.

Plug Power shares moved higher after the company announced it has delivered several liquid hydrogen portable refuelers to transit agencies and trucking fleet customers.

T2 Biosystems shares closed up more than 25% following a 510(k) clearance from the FDA for the expanded T2Bacteria Panel.

ONE TRADE IDEA FOR TOMORROW

Disney Epic: Activist Shareholders Prepare For Boardroom Blitz

Briefly: Somewhere in a Disney executive’s black Lincoln Navigator, the Succession theme is playing on full blast.

What’s Happening: On April 3, Walt Disney Company shareholders will vote for their board selections in the culmination of one of the most bitter, expensive shareholder fights in history.

Who’s Involved: Two activist hedge funds are slugging it out against the media giant, making separate bids to have their representatives win seats on the Disney board.

Why It’s Happening: At the heart of the battle: Disney’s poor performance over the last three years. The share price has nearly halved from its 2021 peak of $203. The stock has performed a bit better since last week’s forecast-beating Q4 results, but the activists believe Disney needs a new strategy.

What Next: This latest episode in the entertainment giant’s storied history is sure to have some twists — but read the full preview here.  

Fitness On Your Mind? Ring In The New Year With BODi

Is getting in shape on your list of New Year’s resolutions? Then The Beachbody Company Inc. (NYSE: BODY) may be able to help. The health and wellness company that now goes by BODi has been offering consumers on-demand subscription-based fitness and wellness programs for over twenty-five years. It recently revamped its digital platform, providing exercise enthusiasts with various workouts for every fitness level.

The company is in expansion mode, focused on reaching more customers. An important aspect of that is its new subscription tier BODi Previews. Potential customers can sample more than $59 worth of BODi content for free including popular workout programs P90X, Insanity, 21 Day Fix and #MuscleBurnsFat. Users also get access to nutrition guidelines and personal development content. BODi is also launching a limited version of BODi Previews on YouTube, providing access to a wider audience. BODi is also bulking up its direct sales program, incentivizing individuals to sell more of its product.

With fitness on the minds of millions of people as we ring in 2024, BODi is doing its part to make that resolution easier with its BODi Previews, which you can check out here.