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CGC - Why Canopy Growth Stock Fell 22% in 2019 After Starting the Year Up 88%
Canopy Growth Corporation
Shares of leading Canadian marijuana grower Canopy Growth (NYSE: CGC) declined 21.5% in 2019, according to data from S&P Global Market Intelligence. That might not sound so terrible, but when you consider that the S&P 500 returned 31.5% last year, that means Canopy stock underperformed the market by 53%.
In 2020, shares are down 2.6% through Jan. 10, compared with the S&P 500's 1.1% return.