Trading Strategies For Canopy Growth Stock Before And After Q2 Earnings

Canopy Growth Corporation (NASDAQ:CGC) is set to print its second-quarter earnings after the markets close Thursday. The stock was sliding over 9% heading into the event.

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.