The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Canopy Growth Corporation shares valued at $5,351 were sold by Kruh Willy on Dec 31 ’24. At $2.67 per share, Kruh Willy sold 2,004 shares. The insider’s holdings dropped to 11,284 shares worth approximately $25389.0 following the completion of this transaction.
Also, Yanofsky Theresa sold 1,996 shares, netting a total of over 5,329 in proceeds. Following the sale of shares at $2.67 each, the insider now holds 22,203 shares.
Before that, Mongeau Luc had sold 2,004 shares from its account. In a trade valued at $5,351, the Director traded Canopy Growth Corporation shares for $2.67 each. Upon closing the transaction, the insider’s holdings decreased to 2,004 shares, worth approximately $25373.25.
As published in a research note from Bernstein on April 04, 2023, Canopy Growth Corporation [CGC] has been rated up from an Underperform to a Mkt perform. Analysts at Bernstein started covering the stock with ‘”an Underperform”‘ outlook in a report released in early November. As of October 26, 2022, Canaccord Genuity has increased its “Sell” rating to a “Hold” for CGC. Earlier on June 08, 2022, BMO Capital Markets downgraded its rating. Their new recommendation was “an Underperform” for CGC stock which previously was a “a Market perform”.
Analyzing CGC Stock Performance
During the last five days, there has been a drop of approximately -15.41%. Over the course of the year, Canopy Growth Corporation shares have dropped approximately -17.88%. Shares of the company reached a 52-week high of $3.07 on 01/06/25 and a 52-week low of $2.15 on 01/16/25. A 50-day SMA is recorded $3.41, while a 200-day SMA reached $6.01. Nevertheless, trading volume fell to 3.46 million shares from 6.38 million shares the previous day.
Support And Resistance Levels for Canopy Growth Corporation (CGC)
According to the 24-hour chart, there is a support level at 2.18, which, if violated, would cause prices to drop to 2.10. In the upper region, resistance lies at 2.30. The next price resistance is at 2.34. RSI (Relative Strength Index) is 24.59 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.41, which suggests the price will decrease in the coming days. Percent R is at 89.13%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
