Canopy Growth Corporation CGC shares are trading higher Monday. The move marks a break in the stock's downtrend over the past few weeks.
What To Know: Canopy stock has been trending lower after reaching a high earlier in September.
The most recent catalyst impacting Canopy stock was the announcement that the company filed for an offering of up to 45.9 million shares of common stock by selling securityholders last Wednesday.
However, shares rose over 22% Monday, breaking the stock's recent losing streak.
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CGC Price Action: Shares of CGC were up 10.2% at $0.93 at the time of publication, according to Benzinga Pro.
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