Why Canopy Growth Stock Crashed Today

Shares of marijuana stock Canopy Growth (NASDAQ: CGC), once the biggest name in legal marijuana, continued to shrink on Monday. As of 11:35 a.m. ET, the stock was down 9.3%.

This morning, Piper Sandler (NYSE: PIPR) cut its rating on Canopy Growth stock from neutral to underperform (i.e., sell) with a $7 price target.

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Source Fool.com