In a filing, Canopy Growth Corporation revealed its Chief Executive Officer Klein David Eric unloaded Company’s shares for reported $0.34 million on Aug 22 ’24. In the deal valued at $8.35 per share,40,135 shares were sold. As a result of this transaction, Klein David Eric now holds 360,829 shares worth roughly $1.67 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, Gedeon Christelle sold 16,788 shares, generating $140,180 in total proceeds. Upon selling the shares at $8.35, the insider now owns 128,435 shares.
Before that, Hong Judy Eun Joo sold 50,188 shares. Canopy Growth Corporation shares valued at $419,070 were divested by the Chief Financial Officer at a price of $8.35 per share. As a result of the transaction, Hong Judy Eun Joo now holds 187,037 shares, worth roughly $0.87 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 fall -1.49% to $4.64. Over the last five days, the stock has lost -3.13%. Canopy Growth Corporation shares have fallen nearly -9.20% since the year began. Nevertheless, the stocks have fallen -46.79% over the past one year. While a 52-week high of $14.92 was reached on 04/30/24, a 52-week low of $2.76 was recorded on 03/14/24. SMA at 50 days reached $6.19, while 200 days put it at $6.35.
Levels Of Support And Resistance For CGC Stock
The 24-hour chart illustrates a support level at 4.55, which if violated will result in even more drops to 4.45. On the upside, there is a resistance level at 4.74. A further resistance level may holdings at 4.83. The Relative Strength Index (RSI) on the 14-day chart is 32.56, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.07, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.59%. Stochastics %K at 25.88% 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 2024-08-30, dropping by -0.77 million shares to a total of 7.73 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 8.5 million shares. There was a decline of -9.99%, which implies that there is a negative sentiment for the stock.
