What's Going On With Canopy Growth Stock Today?
Portfolio Pulse from Erica Kollmann
Shares of Canopy Growth Corporation (NASDAQ:CGC) are trading lower after gaining more than 75% over the last five days. The broader cannabis sector had been moving upward following a recommendation from the Department of Health and Human Services to reschedule marijuana to a Schedule III substance. CGC shares are moving lower on above-average trading volume, with more than 33.3 million shares traded in the session.
September 07, 2023 | 3:37 pm
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Canopy Growth Corporation's stock is trading lower after a significant gain over the past five days. The stock's movement is influenced by the broader cannabis sector's upward trend following a recommendation to reschedule marijuana.
The stock is trading lower after a significant gain, which could be a result of profit-taking by investors. The broader cannabis sector's upward trend following a recommendation to reschedule marijuana could also be influencing the stock's movement.
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IMPORTANCE 80
RELEVANCE 100