Canopy Growth Corp. (TSX: WEED) (NASDAQ: CGC) announced that it is undertaking a series of initiatives, including layoffs, to reduce costs and drive efficiency in order to accelerate its path to profitability.
During Tuesday, 581 stocks hit new 52-week lows.
Interesting Highlights From Today's 52-Week Lows
Meta Platforms (NASDAQ:FB) was the biggest company on a market cap basis to set a new 52-week low.
On CNBC’s "Mad Money Lightning Round," Jim Cramer said Informatica Inc. (NYSE: INFA) is now "down so much that I think it’s actually a buy." However, it "should not have come public again until things were better."