In a filing, Canopy Growth Corporation revealed its Director Yanofsky Theresa unloaded Company’s shares for reported $12711.0 on Jun 28 ’24. In the deal valued at $6.41 per share,1,983 shares were sold. As a result of this transaction, Yanofsky Theresa now holds 26,186 shares worth roughly $0.18 million.
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Then, Mongeau Luc sold 2,012 shares, generating $12,897 in total proceeds. Upon selling the shares at $6.41, the Director now owns 15,276 shares.
Before that, Lazzarato David Angelo sold 2,986 shares. Canopy Growth Corporation shares valued at $19,140 were divested by the Director at a price of $6.41 per share. As a result of the transaction, Lazzarato David Angelo now holds 31,889 shares, worth roughly $0.22 million.
Bernstein upgraded its Canopy Growth Corporation [CGC] rating to a Mkt perform from a an Underperform in a research note published recently. A number of analysts have revised their coverage, including Bernstein’s analysts, who began to cover the stock in early November with a ‘”an Underperform”‘ rating. Canaccord Genuity also remained covering CGC and has increased its forecast on October 26, 2022 with a “Hold” recommendation from previously “Sell” rating. BMO Capital Markets revised its rating on June 08, 2022. It rated CGC as “an Underperform” which previously was an “a Market perform”.
Price Performance Review of CGC
On Friday, Canopy Growth Corporation [NASDAQ:CGC] saw its stock jump 0.86% to $7.04. Over the last five days, the stock has gained 10.52%. Canopy Growth Corporation shares have risen nearly 37.77% since the year began. Nevertheless, the stocks have risen 83.38% over the past one year. While a 52-week high of $19.20 was reached on 04/30/24, a 52-week low of $2.76 was recorded on 03/14/24. SMA at 50 days reached $6.93, while 200 days put it at $6.41.
Levels Of Support And Resistance For CGC Stock
The 24-hour chart illustrates a support level at 6.89, which if violated will result in even more drops to 6.75. On the upside, there is a resistance level at 7.15. A further resistance level may holdings at 7.26. The Relative Strength Index (RSI) on the 14-day chart is 51.67, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.19, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 39.37%. Stochastics%K at 57.22% indicates the stock is a holding.
How much short interest is there in Canopy Growth Corporation?
A steep rise in short interest was recorded in Canopy Growth Corporation stocks on 2024-07-31, dropping by -0.23 million shares to a total of 8.5 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 8.73 million shares. There was a decline of -2.71%, which implies that there is a negative sentiment for the stock.
