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."
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: