View the latest CGC stock quote and chart on MSN Money. As more and more states legalize both recreational pot and medical weed, it's time to track the best marijuana stocks... 9/24/2020 This is a subtle bullish divergence and tilts the odds to the upside. Get market updates, educational videos, webinars, and stock analysis. In an effort to stem those losses, new CEO David Klein has laid off hundreds of employees and closed greenhouses. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. The company's fiscal first-quarter results beat estimates, and it is opening more stores. And as the coronavirus pandemic reshapes daily life, social distancing has thinned out traffic to Canopy's physical retail stores in the current quarter. In this daily Point and Figure chart of CGC, below, we can see a potential upside price target in the $39-$40 area. IBD Live: A New Tool For Daily Stock Market Analysis. Except as otherwise indicated, quotes are delayed. MarketSmith’s Free Access week may be over, but you can get 4 more weeks for only $24.95! Canopy's relative strength line, which compares CGC's stock performance to the S&P 500, dipped near the end of May. Quotes delayed at least 20 minutes for all exchanges. Powered and implemented by FactSet Digital Solutions Group. Those losses, and disappointing sales growth, eventually led to the ouster of Canopy's longtime co-CEO, Bruce Linton, last year, after Constellation Brands expressed disappointment in the results. Slashed from $46.00 USD per share, Christopher Carey’s price… Prices have largely moved sideways with increased trading volume. Real Money's message boards are strictly for the open exchange of investment ideas among registered users. PEP looks like it can hold current levels. Learn how you can make more money with IBD's investing tools, top-performing stock lists, and educational content. Sales also missed estimates. The information has been obtained from sources we believe to be reliable; however no guarantee is made or implied with respect to its accuracy, timeliness, or completeness. Canopy is currently in a consolidation pattern begun in May. ETF data provided by Lipper. For his second "Executive Decision" segment on Mad Money Tuesday evening, Jim Cramer spoke with David Klein, the new CEO of Canopy Growth Corp. (CGC) , the Canadian cannabis grower. Ideally, though, IBD's research shows, investors would be better off looking for stocks with stronger fundamentals and that are closer to their highs. In the weekly bar chart of CGC, below, we noticed some bullish divergences. Canopy Growth stock is below its 50-day and 200-day lines. Please contact customer support to let us know. The buy point is 22.29. 21 brokerages have issued 12-month target prices for Canopy Growth's stock. Get powerful stock screeners & detailed portfolio analysis; Only $29.95/Month. Thank you for your cooperation. Data are provided 'as is' for informational purposes only and are not intended for trading purposes. Fundamental company data and analyst estimates provided by FactSet. Check out IBD Stock Lists and other IBD content to find dozens of the best stocks to buy or watch. CGC stock has a Composite Rating of 33 out of a best-possible 99, according to MarketSmith. Does any of that make Canopy Growth stock a buy right now? DBX updated stock price target summary. Sources: FactSet, Dow Jones, Stock Movers: Gainers, decliners and most actives market activity tables are a combination of NYSE, Nasdaq, NYSE American and NYSE Arca listings. Canopy still has some of it, thanks to Constellation's investment. Cash will be key to weathering whatever bad news the pandemic throws at the world and the economy. Any copying, republication or redistribution of Lipper content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Lipper. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. He also said that 2022 is the year he predicts cannabis will be legalized in a big way. 1 marijuana stock by value. CGC stock has a Composite Rating of 29 out of a best-possible 99, ... *Real-time prices by Nasdaq Last Sale. IBD 50 Growth Stocks To Watch: Find The Best Stocks To Buy And Track. Add on strength looking for gains to the $40 area. Source: FactSet, Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. The launch of Canopy's website, called shopcanopy.com, follows occasional struggles by Canada's pot industry to expand into the U.S.' hemp-derived CBD market. Two bullish divergences in this longer time frame suggests we could see some strong gains in the months ahead. Canopy Growth launched a website to sell CBD products in the U.S. Stocks Generating Improved Relative Strength: Constellation Brands. The EPS Rating of Canopy Growth stock, a measure of profit growth on a scale of 1 to 99, is a mere 20. The daily On-Balance-Volume (OBV) line made a low in November and then a higher low in March when prices made a lower low. As more and more states legalize both recreational pot and... Get instant access to exclusive stock lists, expert market analysis and powerful tools with 5 weeks of IBD Digital for only $5!