What's Going On With Canopy Growth Stock?
Portfolio Pulse from Erica Kollmann
Canopy Growth Corporation (NASDAQ:CGC) reported better-than-expected Q1 financial results, with losses of 5 cents per share and sales of $90.16 million, beating analyst consensus estimates. Despite the positive results, the company's shares are trading lower. More than 12.25 million shares have been traded in the session, compared to the stock's 100-day average of 25.741 million shares.
August 10, 2023 | 3:01 pm
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Canopy Growth Corporation reported better-than-expected Q1 results, but its shares are trading lower.
Despite reporting better-than-expected Q1 results, Canopy Growth Corporation's shares are trading lower. This could be due to a variety of factors, including market sentiment, broader market trends, or investor expectations. The high trading volume indicates significant investor interest in the stock.
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