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Mid-Day Market Update: Crude Oil Down 1.8%; Ocugen Shares Spike Higher

Mid-Day Market Update: Crude Oil Down 1.8%; Ocugen Shares Spike Higher
benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.

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Peloton, Sportsman's Warehouse rise; CarMax, Fitbit fall

December 22, 2020 GMT
Peloton, up $16.82 to $161.21
The high-tech exercise bike maker said it would buy Precor, a maker of fitness equipment, for $420 million.
Sportsman’s Warehouse, up $5.01 to $17.66
The company agreed to be acquired by Great American Outdoors Group, parent company of Cabela’s and Bass Pro Shops, for $18 a share in cash.
CarMax, down $8.13 to $92.33
The operator of used-car dealerships said sales trended downward toward the end of the quarter as coronavirus cases mounted.
Fitbit, down 37 cents to $6.87
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Australia’s competition regulator delayed for three months its decision on Google’s plan to buy the fitness gadget maker.
Cavalo Growers, down $5.91 to $66.36

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What to watch today: Dow headed for steady open after Capitol Hill finally delivers on stimulus

What to watch today: Dow headed for steady open after Capitol Hill finally delivers on stimulus
CNBC
12/22/2020
BY THE NUMBERS
U.S. stock futures were modestly higher Tuesday, the morning after Congress passed a combined $900 billion in coronavirus relief and a $1.4 trillion government funding package. President
Donald Trump is expected to sign it. The Dow Jones Industrial Average on Monday erased a 400-point drop on worries about a new Covid strain and eked out a small gain. (CNBC)
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Apple (AAPL), a Dow-30 stock, was higher Monday and added about 3% to those gains in Tuesday's premarket on reports that the company is targeting 2024 to produce a passenger vehicle that could include its own breakthrough battery technology. The news sent Tesla (TSLA) shares falling to session lows on Monday. (Reuters)

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LIVE Connection News | One News Page

LIVE Connection News | One News Page
onenewspage.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from onenewspage.com Daily Mail and Mail on Sunday newspapers.

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Stocks making the biggest moves midday: Peloton, Apple, IAC, CarMax and more

Stocks making the biggest moves midday: Peloton, Apple, IAC, CarMax and more
CNBC
12/22/2020
Maggie Fitzgerald
© Provided by CNBC
A monitor displays Peloton Interactive Inc. signage during the company's initial public offering (IPO) across from the Nasdaq MarketSite in New York, U.S., on Thursday, Sept. 26, 2019.
Check out the companies making headlines in midday trading.
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Peloton — The exercise equipment stock jumped more than 11.7% and hit an all-time high after Peloton announced that it planned to buy equipment manufacture Precor for $420 million. The deal could help Peloton ramp up production to meet strong demand.
IAC — Shares of IAC jumped more than 14.1% on Tuesday after announcing it is spinning off its full stake in video software company Vimeo. Vimeo will become an independent publicly traded company after the deal closes, expected in the second quarter of 2021.

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