BlackBerry’s Spinoff Should Bring Relief to Toronto’s IPO Market - BNN Bloomberg

📆 05.10.2023 21:50:00
📰 BNNBloomberg

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There may be some relief in sight for Canada’s beleaguered IPO market: BlackBerry Ltd.’s spinoff its Internet of Things business.

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Cruise lines, spinoff slumps, Eli Lilly-Point deal: Trending StocksShares of cruise line stocks Carnival Corp. (CCL), Royal Caribbean (RCL), and Norwegian (NCLH) close lower on Tuesday as Morgan Stanley analysts slash their price targets, citing rising fuel costs in travel demand headwinds. Recently spun-off companies Vestis Corporation (VSTS), Veralto (VLTO), and WK Kellogg Co. (KLG) slide lower following their listing debuts. Lastly, pharmaceutical giant Eli Lilly (LLY) is set to acquire Point Biopharma (PNT) in a $1.4 billion deal. Yahoo Finance Live takes a closer look at several of Tuesday's trending stocks after the closing bell from the New York Stock Exchange. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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