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home / news releases / FTRP - Hot Stocks: Psychedelics get higher; MSFT crowned; ZEN merger booed; TARO faces deflation; X rallies

FTRP - Hot Stocks: Psychedelics get higher; MSFT crowned; ZEN merger booed; TARO faces deflation; X rallies

Field Trip Health Ltd.
Bad news for Apple and Amazon turned into good news for Microsoft (NASDAQ:MSFT) on Friday. While two of the software giant's megacap rivals suffered earnings-inspired declines, MSFT rose to a new 52-week high and took the crown as the world's largest company by market cap. Want to hear something else trippy about Friday's trading? Companies involved in researching psychedelics as a potential medical therapy drew buying interest. A positive analyst's note sparked gains in the sector. Turning to another of the day's biggest gainers, U.S. Steel (NYSE:X) forged a double-digit percentage gain following the release of its quarterly report. Looking at the day's standout decliners, Zendesk (NYSE:ZEN) suffered a massive sell-off as Wall Street looked skeptically at the firm's multi-billion-dollar purchase of SurveyMonkey's parent company. Meanwhile, Taro Pharmaceutical (NYSE:TARO) dropped to a new low after it missed expectations with both its earnings and revenue. Coming off a price-fixing scandal, the

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Hot Stocks: Psychedelics get higher; MSFT crowned; ZEN merger booed; TARO faces deflation; X rallies
Stock Information
Company Name: Field Trip Health Ltd.
Stock Symbol: FTRP
Market: NASDAQ
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