Canopy Growth: Buy the Dip or Run for the Hills?
Canopy Growth (NYSE: CGC), Canada's second-largest licensed marijuana cultivator, delivered its fiscal second-quarter earnings before the opening bell Thursday morning. In response to that report, its shares sank by around 11% in pre-market trading.
If that initial market reaction holds up through the day, shares of the pot titan will end the first four days of trading this week down about 23%. That's a worrying sign: Canopy's half-a-year-long slide lower might be starting to accelerate as 2019 winds down.
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Source Fool.com
