Canopy Growth Corp (TSE:WEED – Get Free Report)’s share price shot up 14.6% during mid-day trading on Tuesday . The company traded as high as C$7.32 and last traded at C$6.90. 4,944,257 shares traded hands during trading, an increase of 141% from the average session volume of 2,055,220 shares. The stock had previously closed at C$6.02.
Wall Street Analyst Weigh In
Separately, Canaccord Genuity Group decreased their price objective on Canopy Growth from C$5.00 to C$3.50 and set a “sell” rating on the stock in a report on Monday, August 12th.
Check Out Our Latest Report on WEED
Canopy Growth Stock Performance
Insider Transactions at Canopy Growth
In other Canopy Growth news, Director David Eric Klein sold 40,135 shares of the company’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of C$8.35, for a total value of C$335,303.84. In other news, Senior Officer Christelle Gedeon sold 16,788 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of C$8.35, for a total value of C$140,253.67. Also, Director David Eric Klein sold 40,135 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of C$8.35, for a total transaction of C$335,303.84. Insiders own 0.21% of the company’s stock.
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.
See Also
- Five stocks we like better than Canopy Growth
- What is a Secondary Public Offering? What Investors Need to Know
- Why Meta’s Pre-Earnings Dip Could Be A Golden Entry Opportunity
- What is the Shanghai Stock Exchange Composite Index?
- Spirit Airlines Stock Nearly Doubled: Are Clear Skies Ahead?
- The 3 Best Retail Stocks to Shop for in August
- Tesla Stock: Buy the Dips, Sell the Rips
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.