Canopy Growth Corporation’s recent filing unveils that its Director Kruh Willy unloaded Company’s shares for reported $9875.0 on Sep 30 ’24. In the deal valued at $4.95 per share,1,995 shares were sold. As a result of this transaction, Kruh Willy now holds 13,288 shares worth roughly $51823.2.
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Then, Yanofsky Theresa sold 1,987 shares, generating $9,836 in total proceeds. Upon selling the shares at $4.95, the Director now owns 24,199 shares.
Before that, Mongeau Luc sold 1,995 shares. Canopy Growth Corporation shares valued at $9,875 were divested by the Director at a price of $4.95 per share. As a result of the transaction, Mongeau Luc now holds 13,281 shares, worth roughly $51795.9.
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 1.04% to $3.90. Over the last five days, the stock has gained 4.56%. Canopy Growth Corporation shares have fallen nearly -23.68% since the year began. Nevertheless, the stocks have fallen -32.40% 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 $4.47, while 200 days put it at $6.20.
Levels Of Support And Resistance For CGC Stock
The 24-hour chart illustrates a support level at 3.80, which if violated will result in even more drops to 3.70. On the upside, there is a resistance level at 4.05. A further resistance level may holdings at 4.20. The Relative Strength Index (RSI) on the 14-day chart is 41.31, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.25, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.36%. Stochastics %K at 10.08% indicates the stock is a buying.
How much short interest is there in Canopy Growth Corporation?
A steep rise in short interest was recorded in Canopy Growth Corporation stocks on 2024-10-31, growing by 0.25 million shares to a total of 8.22 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 7.96 million shares. There was a rise of 3.08%, which implies that there is a positive sentiment for the stock.
