Canopy Growth Corp (TSE:WEED – Get Free Report)’s stock price dropped 6.4% during mid-day trading on Monday . The stock traded as low as C$9.92 and last traded at C$10.02. Approximately 473,831 shares traded hands during trading, a decline of 81% from the average daily volume of 2,536,590 shares. The stock had previously closed at C$10.70.
Wall Street Analyst Weigh In
WEED has been the subject of several research analyst reports. Jefferies Financial Group dropped their price objective on Canopy Growth from C$7.28 to C$4.90 and set a “hold” rating for the company in a research note on Tuesday, February 27th. Sanford C. Bernstein lifted their price objective on Canopy Growth from C$1.49 to C$6.70 in a research note on Tuesday, January 30th. Finally, Bank of America dropped their price objective on Canopy Growth from C$7.00 to C$4.00 in a research note on Wednesday, February 14th.
View Our Latest Stock Analysis on Canopy Growth
Canopy Growth Stock Performance
About Canopy Growth
Canopy Growth Corporation, together with its subsidiaries, engages in growing, possession, and sale of medical cannabis in Canada. Its products include dried flowers, oils and concentrates, softgel capsules, and hemps. The company offers its products under the Tweed, Black Label, Spectrum Cannabis, DNA Genetics, Leafs By Snoop, CraftGrow, and Foria brand names.
Featured Articles
- Five stocks we like better than Canopy Growth
- Manufacturing Stocks Investing
- Silicon Motion Proves That AI in Motion Stays in Motion
- Transportation Stocks Investing
- Undervalued UnitedHealth Group Won’t Be For Long
- Insider Selling Explained: Can it Inform Your Investing Choices?
- The 5 Stocks Most Sold By Insiders This Year
Receive News & Ratings for Canopy Growth Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canopy Growth and related companies with MarketBeat.com's FREE daily email newsletter.