24-Apr-2024
Cannabis Market Flourishes Amid Global Legalization, Driving Concerns About Road Safety
Globe Newswire (Mon, 22-Apr 9:30 AM ET)
PRNewswire (Thu, 18-Apr 4:30 PM ET)
CANOPY GROWTH ANNOUNCES RESULTS OF SPECIAL MEETING OF SHAREHOLDERS
PRNewswire (Mon, 15-Apr 7:30 AM ET)
Why this CGC Bull Put Spread Makes Sense for $1.06 Credit
Market Chameleon (Thu, 4-Apr 12:40 PM ET)
If CGC Stock Price is Contained Within ±$2 Zone, This Spread Will Net 38%
Market Chameleon (Thu, 4-Apr 10:02 AM ET)
PRNewswire (Mon, 1-Apr 7:30 AM ET)
If CGC Price Stays Between $7 to $9 Range This Iron Condor Spread Will Yield 67%
Market Chameleon (Mon, 25-Mar 10:14 AM ET)
CANOPY GROWTH CELEBRATES PASSAGE OF CANNABIS LEGALIZATION IN GERMANY
PRNewswire (Fri, 22-Mar 10:17 AM ET)
PRNewswire (Thu, 14-Mar 7:30 AM ET)
CANOPY GROWTH ANNOUNCES DETAILS REGARDING CONVERTING INTO EXCHANGEABLE SHARES
PRNewswire (Mon, 11-Mar 7:30 AM ET)
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.
Canopy Gwth trades on the NASDAQ stock market under the symbol CGC.
As of April 24, 2024, CGC stock price declined to $8.97 with 7,066,305 million shares trading.
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.
CGC has a market cap of $816.87 million. This is considered a Small Cap stock.
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.
In the last 3 years, CGC stock traded as high as $283.80 and as low as $2.76.
The top ETF exchange traded funds that CGC belongs to (by Net Assets): YOLO.
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.
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.