IAC shares fell roughly 5% following Vimeo's spinoff to IAC shareholders. Vimeo began trading on the Nasdaq today as a standalone public company, with Vimeo shares down about 16% in midday trading.
The video platform debuted with a valuation of roughly $10 billion.The cannabis stock rose about 6% after MKM Partners upgraded the stock to "buy" from "neutral." MKM said sentiment surrounding the cannabis sector is low, making Canopy's risk and reward "very favorable."
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