Insider Selling: Canopy Growth Corp (TSE:WEED) Director Sells 3,006 Shares of Stock

Canopy Growth Corp (TSE:WEED) Director David Angelo Lazzarato sold 3,006 shares of the stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of C$3.84, for a total value of C$11,557.47.

Canopy Growth Price Performance

Canopy Growth stock traded up C$0.02 during midday trading on Monday, reaching C$4.27. 1,159,371 shares of the stock were exchanged, compared to its average volume of 1,927,998. The company has a debt-to-equity ratio of 117.00, a quick ratio of 2.32 and a current ratio of 2.15. Canopy Growth Corp has a 52 week low of C$3.74 and a 52 week high of C$20.50. The firm has a market cap of C$362.35 million, a PE ratio of -0.54, a PEG ratio of -0.01 and a beta of 1.79. The company’s fifty day moving average is C$5.22 and its 200-day moving average is C$7.02.

Wall Street Analysts Forecast Growth

Separately, ATB Capital downgraded shares of Canopy Growth from a “sector perform” rating to an “underperform” rating and reduced their price objective for the stock from C$6.00 to C$4.00 in a research report on Tuesday, December 17th.

Canopy Growth Company Profile

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.