After Today’s Huge Decline, Is Canopy Growth Corp’s Near-Term Analysis Negative?

 After Today's Huge Decline, Is Canopy Growth Corp's Near Term Analysis Negative?

The stock of Canopy Growth Corp (TSE:CGC) is a huge mover today! About 1.02M shares traded hands. Canopy Growth Corp (TSE:CGC) has risen 176.56% since March 30, 2016 and is uptrending. It has outperformed by 175.35% the S&P500.
The move comes after 9 months negative chart setup for the $814.22 million company. It was reported on Nov, 3 by Barchart.com. We have $6.33 PT which if reached, will make TSE:CGC worth $73.28M less.

More recent Canopy Growth Corp (TSE:CGC) news were published by: Bloomberg.com which released: “Snoop Dogg Partnership Sends Canadian Weed Stock to Epic High” on October 06, 2016. Also Midasletter.com published the news titled: “Canopy Growth Corp: Dominating the Canadian Medical Marijuana Space” on May 13, 2016. Seekingalpha.com‘s news article titled: “Investing In Canopy Growth And The Marijuana Movement” with publication date: October 28, 2016 was also an interesting one.

Canopy Growth Corporation, formerly Tweed Marijuana Inc., is a diversified cannabis company. The company has a market cap of $814.22 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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