div > div.group > p:first-child"> Zoom Video Communications — Shares of the videoconferencing software company Zoom surged 80% on Thursday, its first day of trading. The stock traded as high as $66, compared with its initial price of $36. The bump gave Zoom a market cap of $16.7 billion.
Blackstone Group — Blackstone shares surged more than 8% after the private equity giant announced it will change its status to a corporation from its current one of a publicly traded partnership. CEO Steve Schwarzman said the change will let more people buy the company's stock. Travelers — Travelers rose 2.71% after the company reported first-quarter earnings that beat estimates. The insurer posted earnings of $2.83 per share, 9 cents above a Refinitiv estimate. Travelers also hiked it dividend to 82 cents per share.
Canopy Growth — Canopy Growth surged 8% after the Canadian pot grower announced a $3.4 billion deal to acquire U.S. weed operator Acreage Holdings after cannabis gets legalized in the United States. The deal grants Canopy the right to buy all of Acreage's stock following nationwide legalization. J.B. Hunt Transport Services — The trucking company's stock fell 0.6% after Deutsche Bank downgraded it to sell from buy, noting"it's clear from our work that the trajectory of returns is negative."
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