CGC/WEED: Dec 5 - Afterhours SummaryToday was a bit rough for those joining us on open, or even for those who joined in the last couple of trading sessions. I can't say I expected to see the pop nor can I say that I expected to see the pullback today. All I can say is that you need to be prepared for anything while trading in the Cannabis Sector as it is prone to big movements (in either direction) at just about any time.
If you believe in the Cannabis Sector then we are on the same page as I do too. If you believe Canopy Growth has a chance to come back as an underdog play then this too we can agree on. If you believe this is going to be fast money... then that is where we may differ but I will say I hope I'm wrong on that :)
Anyhow, here is my summary of the afterhours trading session. I am providing the link for reference and you can make your own assessment of what you see. Please note that afterhours and pre-market trading prices are not reliable indicators of actual trading ranges in the next trading session.
Afterhours Summary Trading in afterhours for shares in Canopy Growth has now completed with volume being relatively normal for the session.
Prices on shares ranged from a low of .
661 USD / .90 CDN to a high of
.6898 USD / .94 CDN. Shares traded within a tight band throughout the afterhours with the final trade executing at
.68 USD / .92 CDN Exchange Rate used for USD to CDN:
1.3579 ** Link provided can be used to monitor pre-market pricing in the morning.
Link to View Afterhours on NasDaq (Stated in US Dollars) https://www.marketwatch.com/investing/stock/cgc?mod=mw_quote_switch