Canopy Growth Corporation pops, Macy's drops, KMG Chemical surges
Let’s check out the Yahoo Finance charts of the day.
Canopy Growth Corporation (CGC): Constellation Brands, the beverage maker, will invest $4 billion in Canopy, which is a diversified cannabis company based in Canada.
Macy’s (M): The department store operator beat on earnings and revenue, and upped its guidance – however sales were still lower than a year ago, and same store sales growth was only up 0.5%.
KMG Chemicals (KMG): Cabot Microelectronics will acquire KMG Chemicals, a provider of specialty chemicals and performance materials, for $1.6 billion in cash and stock. The combined company is expected to have annual revenues of approximately $1 billion.
For more on today’s big stock movers check out the Final Round, live at 3:30 p.m. ET, right here on Yahoo Finance.