When Canopy Growth printed first-quarter earnings on Aug. 9, the stock plunged about 10% the following day. The stock then traded mostly sideways between 38 cents and 48 cents before skyrocketing about 400% between Aug. 29 and Sept. 12.
For that quarter, Canopy Growth reported sales of $90.16 million, which beat the analyst consensus estimate of $68.01 million.
For the second quarter, analysts, on average, estimate Canopy Growth will report a loss of 13 cents per share on revenues of $68.05 million.
From a technical analysis perspective, …