Cgc stock price cannabis equities

Cannabis equities, including cgc stock price, remain sensitive to U.S. legalization headlines. A positive policy shift could add 15–20% upside in quarterly projections, according to industry forecasts. Shares of Canopy Growth Corp (NASDAQ: CGC ) are trading lower Wednesday, pulling back from a sharp rally on Monday. The stock is seeing a downturn as initial excitement wanes following a social media post by President Donald Trump over the weekend that lifted the entire cannabis sector . Prior to today's trading, shares of the company had lost 10.84% lagged the Medical sector's gain of 4.95% and the S&P 500's gain of 1.67%. Investors tracking cgc stock price should note a 5-day average of $2.42, indicating sideways consolidation. Market chatter suggests a breakout could occur if volume surpasses 3M shares daily, driven by upcoming earnings guidance.