HEXO stock performance in April was interesting. For the first time in 2019, these shares declined significantly—falling more than 10% by mid-month. Shares turned it around, however, and by month-end HEXO Corp (TSX:HEXO) (NYSE:HEXO) had increased an overall 15%.
HEXO Stock in AprilThe comeback was attributed to an influential analyst from Bank of America, Christopher Carey, naming HEXO stock a “top pick in cannabis.” He gave HEXO Corp a “Buy” rating and a price target 66% over HEXO’s closing price of $5.95 USD the previous day.
His ambitious sentiment helped to secure a ...
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