Cgc stock price the latest cgc stock price is trading

The latest cgc stock price is trading near $2.45, reflecting a modest uptick of 1.2% in the last session as cannabis sector sentiment remains cautiously optimistic. Analysts note short-term resistance at $2.50 while support sits around $2. Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements. 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 . Intraday liquidity patterns for cgc stock price show peak activity in the first 90 minutes of trading. Traders often exploit this window for quick scalping opportunities when volatility is pronounced.