1 Grim Tiding and 2 Silver Linings for Canopy Growth Stock in 2024
Recognizing the positives that are present in a generally negative situation is a key skill in investing and in life. It's also a skill that many cannabis investors, particularly in companies like Canopy Growth, (NASDAQ: CGC) have had quite a few opportunities to master in recent years.
Now, Canopy's shareholders will have yet another chance to practice finding the good, just in time for 2024. Let's discuss the latest grim tiding for the stock, and then round it out with appreciating a pair of much-needed silver linings.
One of the somewhat mysterious properties of stocks is that their valuations are affected by both stock splits and reverse stock splits. Mathematically speaking, that doesn't make much sense. If a company has a market cap of $1 billion and it has 100 shares outstanding, doubling or halving the number of shares "should" only change the price per share, not the market cap itself. Put differently, whether you slice a pie into eight slices or only four, the pie is the same size either way.
Source Fool.com
