Canopy Growth Corp (NASDAQ: CGC) stock enjoyed a major increase of 11.0% on 5/16/24. The shares closed at $11.00. Moreover, trading volume in this advance was unusually high at 191% of normal. The stock has performed in line with the market over the last nine months and has risen 21.8% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, CGC is expected to be a modest Value Builder.
Canopy Growth has a current Value Trend Rating of C (High Neutral). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Canopy Growth has a neutral Appreciation Score of 57 and a neutral Power Rating of 58, with the High Neutral Value Trend Rating the result.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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