Canopy Growth Corp (TSE:WEED) Senior Officer Sells C$140,253.67 in Stock

Canopy Growth Corp (TSE:WEED - Get Free Report) Senior Officer Christelle Gedeon sold 16,788 shares of Canopy Growth stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of C$8.35, for a total transaction of C$140,253.67.Get Canopy Growth alerts:Canopy Growth Trading Down 9.9 %Is It Too Late for Cannabis Stocks?Shares of TSE WEED traded down C$0.82 during midday trading on Tuesday, reaching C$7.48. The stock had a trading volume of 2,276,006 shares, compared to its average volume of 2,271,542. The firm has a market cap of C$634.75 million, a price-to-earnings ratio of -0.95, a price-to-earnings-growth ratio of -0.01 and a beta of 1.83. Canopy Growth Corp has a twelve month low of C$3.74 and a twelve month high of C$26.00. The company has a debt-to-equity ratio of 117.00, a quick ratio of 2.32 and a current ratio of 2.15. The company's 50 day moving average price is C$9.34 and its 200 day moving average price is C$9.52. Analyst Upgrades and DowngradesSeveral research firms recently commented on WEED. Canaccord Genuity Group cut their target price on shares of Canopy Growth from C$5.00 to C$3.50 and set a "sell" rating on the stock in a research report on Monday, August 12th. Jefferies Financial Group lifted their target price on shares of Canopy Growth from C$4.90 to C$10.63 and gave the stock a "hold" rating in a research report on Tuesday, June 11th. Alliance Global Partners lifted their target price on shares of Canopy Growth from C$6.00 to C$11.00 in a research report on Tuesday, June 4th. CIBC cut their target price on shares of Canopy Growth from C$4.50 to C$4.00 and set an "underperform" rating on the stock in a research report on Friday, May 31st. Finally, ATB Capital set a C$10.00 target price on shares of Canopy Growth and gave the stock a "sector perform" rating in a research report on Tuesday, June 18th. Three investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of C$6.45.Get Our Latest Research Report on WEEDCanopy Growth Company Profile (Get Free Report)Canopy Growth Corporation, together with its subsidiaries, engages in growing, possession, and sale of medical cannabis in Canada. Its products include dried flowers, oils and concentrates, softgel capsules, and hemps. The company offers its products under the Tweed, Black Label, Spectrum Cannabis, DNA Genetics, Leafs By Snoop, CraftGrow, and Foria brand names.Featured ArticlesFive stocks we like better than Canopy GrowthBest Stocks Under $5.00Study: How Much Are Retirees Earning from Side Hustles in 2024?What Percentage Gainers Tell Investors and Why They Don’t Tell the Whole StoryBrinker International Offers a Pullback Opportunity on EPS MissHow to buy stock: A step-by-step guide for beginners Globant Is an Emerging AI Play That’s Expanding Its Footprint This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.→ Man who Predicted Biden’s Drop Out: “Prepare for “Kamala Crash” (From Paradigm Press) (Ad)Should you invest $1,000 in Canopy Growth right now?Before you consider Canopy Growth, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Canopy Growth wasn't on the list.While Canopy Growth currently has a "Reduce" rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here