Stocks on the Move: Canopy Growth trades higher on earnings, Foot Locker sees rising revenue in Q2
The Yahoo Finance On the Move panel discuss today's Stocks on the Move: Canopy Growth and Foot Locker
Video Transcript
- Stocks on the move. One of them is Canopy Growth, the Canadian marijuana company. Those shares are trading higher by 8%-9% today. Sales up 22%, which was better than anticipated. The loss was narrower than anticipated that the company reported. They have a new CEO, relatively new CEO, David Klein, who has been cutting costs at the company.
And Foot Locker shares are up about 7% today. The company said it expects to report a profit and rising revenue for the second quarter. This, of course, is above what analysts had been anticipating. Same store sales, they're up 18% for its last quarter. So that, too, was better than anticipated.
