What's Going On With Canopy Growth Stock Today?
Portfolio Pulse from Erica Kollmann
Shares of Canopy Growth Corporation (NASDAQ:CGC) are trading higher, seemingly in sympathy with Tilray Brands, Inc. (NASDAQ:TLRY), which released its Q4 and fiscal year 2023 financial results, beating revenue estimates. CGC shares are trading on heavy volume, with over 19 million shares traded in the session. Canopy Growth will release its Q1 fiscal year 2024 financial results on Aug. 9.
July 26, 2023 | 5:39 pm
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POSITIVE IMPACT
Canopy Growth Corporation's shares are trading higher, seemingly in sympathy with Tilray Brands, Inc. The company will release its Q1 fiscal year 2024 financial results on Aug. 9.
The rise in CGC's stock price appears to be in sympathy with TLRY, which recently released positive financial results. The upcoming release of CGC's Q1 fiscal year 2024 financial results could also be contributing to the increased trading volume and price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Tilray Brands, Inc. released its Q4 and fiscal year 2023 financial results, beating revenue estimates. This has led to a more than 20% increase in its stock price.
The release of positive financial results by TLRY has led to a significant increase in its stock price. This news is highly relevant and important for investors in TLRY.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 100