Canopy Growth Corp. (CGC)

21.75
0.60 2.84
NYSE : Process Industries
Prev Close 21.15
Open 21.01
Day Low/High 20.72 / 21.90
52 Wk Low/High 17.89 / 52.74
Volume 3.95M
Avg Volume 4.87M
Exchange NYSE
Shares Outstanding 347.87M
Market Cap 7.04B
EPS -2.00
P/E Ratio N/A
Div & Yield N.A. (N.A)

Purple Haze (Part Deux)

* Like clockwork! For the sixth day in a row traded lower in the morning and rallied in the afternoon.

Purple Haze?

Maybe I am stoned but for the fifth day in a row has traded lower in the morning only to advance and turn up later in the day.

An Hallucination?

Very odd today. My most speculative cannabis holdings (e.g., iAnthus Capital Holdings  ) are moving up smartly while the less speculative names are languishing. Not sure what, if anything, I should make of this. I would also add that, for the fourth...

Some Good News for Canopy Growth

I have recently passed on observations about the improving patter on performance of shares. Well, on cue, here is some good news from Canopy Growth this morning: European Update: Canopy Growth Secures Exclusive Opportunities in the UK & Luxembourg C...

2 Big-Name Stocks You Should Consider Shorting This Week

2 Big-Name Stocks You Should Consider Shorting This Week

These 'bearish bets' are showing both technical and quantitative deterioration.

Lots of Cannabis

As I have observed, and for the third day in the row, has dipped in the morning and rallied off the lows. I have been a buyer of cannabis all day!

A Trend I Like

"Just one more thing." - Lt Columbo For the third day in a row Canopy Growth pulled back hard in the morning and came back in the afternoon. A trend? I certainly hope so.

With a Little Help From My Friends?

What would you think if I sang out of tune? Would you stand up and walk out on me? Lend me your ears and I'll sing you a song And I'll try not to sing out of key Oh, I get by with a little help from my friends Mm, I get high with a little help from ...

Cut Your Losses on Cannabis Stocks Like Canopy Growth Here

Cut Your Losses on Cannabis Stocks Like Canopy Growth Here

I thought the sector might have been bottoming out, but it's not.

Jefferies' Cannabis Downgrades Could Provide Bottom Sector Needs

Jefferies' Cannabis Downgrades Could Provide Bottom Sector Needs

This group appears oversold and downgrades of the big cannabis names may trigger a "buy the bad news" reaction.

Canopy Growth Gets a Quantitative Downgrade to 'Sell'

Canopy Growth Gets a Quantitative Downgrade to 'Sell'

Let's see what the charts and indicators have in store.

Not Up In Smoke

The market doesn't share my optimism on the management change at Canopy Growth . Nevertheless I am buying aggressively at around $22.10.

Break In!

Break in. David Klein, Constellation Brands'  Executive Vice President and CFO, is becoming Chairman of the Board of Directors of Canopy Growth. I view this move as a strong commitment from STZ and a positive for Canopy Growth shares.

At What Price Do You Own Canopy Growth?

At What Price Do You Own Canopy Growth?

Why I'm leaning toward a trade in the former cannabis darling.

I Feel the Need - The Need for (More) Weed

Maverick: I feel the need... Maverick, Goose: ...the need for speed! (high five) - Top Gun In my investing career I have tried hard to uncover and develop unique sources for value-added fundamental information - that many fail to investigate. Case i...

Constellation Brands Could Retest Late May Nadir as Charts Lack Spirit

Constellation Brands Could Retest Late May Nadir as Charts Lack Spirit

The producer of alcoholic beverages offers mixed technical signals, though trading volume in the shares has been diminishing this year.

Break On Through

Canopy Growth breaks through $23.

CGC Downtrend

I am told that Canopy Growth  breaks its downtrend at about $23. Whatever that means!

Analysts Puffed, Now Passing on Canopy Growth

Analysts Puffed, Now Passing on Canopy Growth

What is the green swan that will bring buyers back to cannabis companies?

Canopy Growth Moves Up

turns green.

Today's Trades

I added to Boeing and Canopy Growth longs this morning.

From The Street of Dreams

Bank of America has downgraded Canopy Growth to "Neutral" from "Buy" (they have been very bullish from the high), saying industry growth could potentially flatten in the second half: "To be clear, we still see Canopy as a long-term leader in an indu...

Kass: Time to Buy Cannabis Stocks for a Trade -- And Soon for a LT Investment

Kass: Time to Buy Cannabis Stocks for a Trade -- And Soon for a LT Investment

I'm considering establishing a long investment stake in a package of cannabis stocks, with emphasis on U.S.-based companies.

Adding to CGC

As expected in this morning's opener, cannabis stocks have caught a bid. I have added to Canopy Growth on the small morning dip which followed the initial "pop" higher.

Time to Buy Cannabis Stocks (for a Trade)… and Soon for a Long Term Investment

* CGC could trade up to over $30 on the successful House vote passage of the SAFE Banking Act announced last evening * While the short term may remain rocky (pot stocks are down by nearly 50% since April), investors with longer term timeframes shoul...

The Charts of Canopy Growth Are Missing Signs of Accumulation for Now

The Charts of Canopy Growth Are Missing Signs of Accumulation for Now

Let's go to the charts and indicators.

First Trades of the Day

I just made the first trades of the day: * I added to my short at $140.94. (TLT is up by nearly +$5/share in the last few trading days). * I added to my Kraft Heinz  long at $28.18. (As I wrote, 3G's sales of a small portion -- 25 million shares -- ...

Fool Me Twice Shame on Me (Part Deux)

* I continue to trade opportunistically and unemotionally - with a calculator in one hand and a contrarian viewpoint on the other hand * The overnight +20 futures rise (China trade-related) has been reversed to a gain of only 3 handles by 6: 30 am *...

I'm Watching These 3 Stocks on Friday

I'm Watching These 3 Stocks on Friday

Snap, Aurora Cannabis and Cars.com have caught my attention.

Have Those Once-Smoking Cannabis Stocks Burnt Down to a Bottom?

Have Those Once-Smoking Cannabis Stocks Burnt Down to a Bottom?

Several watchers and market players are deep in the weeds, tracking short action and key companies like Canopy Growth, trying to find out whether the industry has turned over a new leaf.