Canopy Growth Corp. (NASDAQ: CGC) shares were trading higher Tuesday following an upgrade from MKM Partners.
The analyst firm upgraded the cannabis stock from Neutral to Buy and announced a CA$55 ($45.70) price target.
On May 20, Canopy Growth announced that it had appointed Martha Stewart as the company’s official strategic advisor.
Canopy Growth was up 5.91% at $24.02 at last check.
Canopy Growth Daily Chart Analysis
- The stock is trading within previous key levels and is nearing a resistance level where the price once held as support.
- The stock is trading below both the 50-day moving average (green), and the 200-day …