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CGC Stock Summary and Trading Ideas (Canopy Gwth | NASDAQ:CGC)

Charts for Today's Stock Price and Implied Volatility in Canopy Gwth

24-Apr-2024

Stock Price & Volume | Full Chart

30-Day Implied Volatility | IV30 Full Chart

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Canopy Gwth (CGC) Frequently Asked Questions

What does Canopy Gwth do?

Canopy Growth, headquartered in Smiths Falls, Canada, cultivates and sells medicinal and recreational cannabis, and hemp, through a portfolio of brands that include Doja, 7ACRES, Tweed, and Deep Space. Its non-THC products include skincare products under Martha Stewart CBD and Storz & Bickel vaporizers. Canopy growth is attempting to merge its U.S. assets into a separately operated holding company, Canopy USA, which will not be consolidated into the Canadian company's financials.

What symbol and exchange does Canopy Gwth stock trade?

Canopy Gwth trades on the NASDAQ stock market under the symbol CGC.

What is Canopy Gwth stock price doing today?

As of April 24, 2024, CGC stock price declined to $8.97 with 7,066,305 million shares trading.

What is Canopy Gwth's Beta?

CGC has a beta of 2.17, meaning it tends to be more sensitive to market movements. CGC has a correlation of 0.03 to the broad based SPY ETF.

How much is Canopy Gwth worth?

CGC has a market cap of $816.87 million. This is considered a Small Cap stock.

How much money does Canopy Gwth make?

Last quarter Canopy Gwth reported $66 million in Revenue and -$2.04 earnings per share. This beat revenue expectation by $11 million and missed earnings estimates by -$1.67.

What is the highest and lowest price Canopy Gwth traded in the last 3 year period?

In the last 3 years, CGC stock traded as high as $283.80 and as low as $2.76.

What are the top ETFs holding Canopy Gwth?

The top ETF exchange traded funds that CGC belongs to (by Net Assets): YOLO.

Is Canopy Gwth (CGC) a good investment?

CGC stock has underperformed the market in the last year with a return of -32.0%, while SPY returned +24.1%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in CGC shares. However, CGC has outperformed the market in the last 3 month and 2 week periods, returning +88.4% and -1.6%, while SPY returned +4.5% and -1.7%, respectively. This indicates CGC has been having a stronger performance recently.

What is the support and resistance for Canopy Gwth (CGC) stock price?

CGC support price is $8.03 and resistance is $10.03 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CGC stock will trade within this expected range on the day.