The stock of Canopy Growth Corp (TSE:CGC) reached all time high today, Oct, 18 and still has $9.47 target or 53.00% above today’s $6.19 share price. This indicates more upside for the $756.90 million company. This technical setup was reported by Barchart.com. If the $9.47 PT is reached, the company will be worth $401.16 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 1.03M shares traded hands. Canopy Growth Corp (TSE:CGC) has risen 110.71% since March 11, 2016 and is uptrending. It has outperformed by 105.23% the S&P500.
More notable recent Canopy Growth Corp (TSE:CGC) news were published by: Reuters.com which released: “BRIEF-Canopy Growth Corp renews agreement with XIB Consulting Inc” on October 11, 2016, also Midasletter.com with their article: “Canopy Growth Corp: Dominating the Canadian Medical Marijuana Space” published on May 13, 2016, Marketwatch.com published: “Canopy Growth Corporation and Bedrocan Canada Launch Brazil Joint Venture” on June 28, 2016. More interesting news about Canopy Growth Corp (TSE:CGC) were released by: Marketwatch.com and their article: “Canopy Growth Corporation Opens the Market” published on July 26, 2016 as well as Seekingalpha.com‘s news article titled: “Canopy Growth Corp. Leads The Way Towards The Legalized MJ Market In Canada” with publication date: January 05, 2016.
Canopy Growth Corporation, formerly Tweed Marijuana Inc., is a diversified cannabis company. The company has a market cap of $756.90 million. The Company, through its subsidiaries Tweed Inc. , Bedrocan Canada Inc. (Bedrocan) and Tweed Farms Inc. (Tweed Farms), is engaged in the business of producing and selling legal marijuana in the Canadian medical market. It currently has negative earnings. It is also focusing on producing and selling marijuana in the recreational market in Canada.
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