Canopy Growth (WEED) Shares Up -0.1%
Canopy Growth Co. (TSE:WEED) shares shot up 0.1% on Monday . The stock traded as high as C$19.75 and last traded at C$19.52. 2,216,900 shares changed hands during mid-day trading, a decline of 19% from the average session volume of 2,749,744 shares. The stock had previously closed at C$19.53.
Several research firms have recently weighed in on WEED. Canaccord Genuity cut shares of Canopy Growth from a “hold” rating to a “sell” rating and upped their price target for the company from C$9.50 to C$11.00 in a report on Thursday, October 12th. Beacon Securities cut shares of Canopy Growth from a “buy” rating to a “hold” rating and set a C$16.50 price target for the company. in a report on Monday, November 13th. Finally, Eight Capital upped their price target on shares of Canopy Growth from C$18.00 to C$22.00 in a report on Monday, November 27th.
About Canopy Growth
Canopy Growth Corporation, through its subsidiaries, produces and sells medical marijuana in Canada. The company offers dried, oil, and softgel cannabis products. Canopy Growth Corporation also sells its products through online. The company was formerly known as Tweed Marijuana Inc and changed its name to Canopy Growth Corporation in September 2015.
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