Peloton's Stock Rides High on TikTok Partnership Amid Mixed Market Sentiments

1 min read
Source: Seeking Alpha
Peloton's Stock Rides High on TikTok Partnership Amid Mixed Market Sentiments
Photo: Seeking Alpha
TL;DR Summary

Stock futures rose slightly after a strong December jobs report, with Peloton (PTON) shares increasing by 7% due to a new partnership with TikTok, while Sana Biotechnology (SANA) shares surged 13% following FDA clearance for a new drug study. Conversely, Medical Properties Trust (MPW) shares fell 22% after providing additional financial support to its largest tenant, Steward Health Care System. Voyager Therapeutics (VYGR) shares dropped 17% after announcing a public offering, and Applied Therapeutics (APLT) stock plummeted 30% due to mixed Phase 3 study results. Palantir Technologies (PLTR) shares declined nearly 4% after an analyst downgrade, citing overhyped AI expectations.

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