What's Going On With Canopy Growth Stock?
Portfolio Pulse from Ryan Gustafson
Shares of Canopy Growth Corporation (NASDAQ:CGC) are trading higher, breaking the recent downtrend. The rise comes after the company filed for an offering of up to 45.9 million shares of common stock by selling securityholders last Wednesday. The shares rose over 22% on Monday.
September 25, 2023 | 6:50 pm
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Canopy Growth Corporation's stock is trading higher after the company filed for an offering of up to 45.9 million shares. The shares rose over 22% on Monday.
The rise in Canopy Growth Corporation's stock price is likely due to the company's recent filing for an offering of up to 45.9 million shares. This move could be seen as a positive sign by investors, leading to increased demand for the stock and a subsequent rise in its price.
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