Canopy Growth (CGC) jumps after hours
What’s up with Canopy Growth?
Canopy Growth (CGC) opened at $15.65, which means the stock is up 7.43% from yesterday’s closing price of 16.00. Today, the company has a high of $15.77 and a low of $14.78. The company has a market cap of $5.33 billion with a 52-week high of $50.63 and a 52-week low of $9.00.
What about the future for Canopy Growth
The high forecast for Canopy Growth is 30.17 while the low is 13.61. Stock forecasts are based on human experience: Human traders based on their experience in terms of stock price patterns, volume changes, and market news/rumors regarding a particular stock. Canopy Growth has a strong forecast. A strong forecast is a result of strong earning reports as investors are willing to pay a higher share price today because of growth expectations in the future.. Based on this information CGC seems to be a safe buy.
About Canopy Growth
Canopy Growth Corp. engages in the production and sale of medical cannabis. The company offers products including oils and concentrates, soft gel capsules and hemp. It focuses on the treatment of chronic pain, seizures, muscle spasms, nausea, and loss of appetite. The company was founded by Bruce Linton on August 5, 2009 and is headquartered in Smith Falls, Canada.