|Day Low/High||32.35 / 33.98|
|52 Wk Low/High||9.00 / 35.08|
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. 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.
Why I'm leaning toward a trade in the former cannabis darling.
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...
The producer of alcoholic beverages offers mixed technical signals, though trading volume in the shares has been diminishing this year.
What is the green swan that will bring buyers back to cannabis companies?
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...
I'm considering establishing a long investment stake in a package of cannabis stocks, with emphasis on U.S.-based companies.
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.
* 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...
Let's go to the charts and indicators.
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 -- ...
* 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 *...
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.
* "Everyone" has them Over the last few days I have been working on three problem children -- Macy's , Kraft Heinz and Canopy Growth . Though I have still not completed my analysis (all three companies face substantive competitive and business chall...
It's tough to find when a stock has hit the floor, so let's look at three that fell on earnings and could be poised to rise.
The recently deposed CEO of Canopy Growth is going to shortly appear on CNBC to discuss why he is buying more stock. Must see TV!
bounces +$8 off of its daily low and digests its poor earnings report. I will be doing work on both companies as well as continuing my research over the weekend.
Moved to large Kraft Heinz and Canopy Growth Corp this afternoon.
A host of other cannabis-related stocks has sprouted up that appear better for investing.
After a 2018 high, marijuana stocks are gaining popularity again, but which ones are producing the most green for investors? Here are the charts.
, the object of my recent affection, is starting to pick up in price. I am seeing some large institutional buy interest.