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November 9, 2023 · earnings

CGC earnings: a negative outcome, -10.0%

On November 9, 2023, Canopy Growth Corp reached its earnings. The result was a negative outcome, and the stock moved -10.0% in the window around the event. It had already run -20.1% in the 30 days into the catalyst — the kind of pre-event run-up that often precedes binary readouts.

The move

$5.81
1d before
$5.23
Event day
$5.21
1d after
$5.32
5d after

Pre-catalyst setup

-20.1%
30-day run-up
12486%
30-day volatility
1.0×
volume spike