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home / news releases / PIPR - Why Canopy Growth Stock Crashed Today

PIPR - Why Canopy Growth Stock Crashed Today

Piper Sandler Companies

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.

Image source: Getty Images.

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Why Canopy Growth Stock Crashed Today
Stock Information
Company Name: Piper Sandler Companies
Stock Symbol: PIPR
Market: NYSE
Website: pipersandler.com
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