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Stock impact report

Canopy Growth Corporation (CGC) Stock Declines While Market Improves: Some Information for Investors [Yahoo! Finance]

Canopy Growth Corporation - Common Shares (CGC) 
Company Research Source: Yahoo! Finance
This change lagged the S&P 500's 1.26% gain on the day. Meanwhile, the Dow gained 1.18%, and the Nasdaq, a tech-heavy index, added 1.99%. Shares of the company have appreciated by 5.73% over the course of the past month, outperforming the Medical sector's loss of 1.54% and the S&P 500's loss of 2.68%. The investment community will be closely monitoring the performance of Canopy Growth Corporation in its forthcoming earnings report. On that day, Canopy Growth Corporation is projected to report earnings of -$0.70 per share, which would represent year-over-year growth of 69.57%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $52.71 million, down 18.58% from the year-ago period. Any recent changes to analyst estimates for Canopy Growth Corporation should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook Show less Read more
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