HEXO (HEXO) Stock Sinks As Market Gains: What You Should Know

In the latest trading session, HEXO (HEXO) closed at $0.16, marking a -0.25% move from the previous day. This change lagged the S&P 500’s 0.75% gain on the day. Meanwhile, the Dow gained 0.55%, and the Nasdaq, a tech-heavy index, lost 0.01%.

Prior to today’s trading, shares of the cannabis producer had lost 9.22% over the past month. This has lagged the Medical sector’s gain of 5.42% and the S&P 500’s gain of 3.49% in that time.

Investors will be hoping for strength from HEXO as it approaches its next earnings release. In that report, analysts expect HEXO to post earnings of -$0.02 per share. This would mark year-over-year growth of 77.78%. Meanwhile, our latest consensus estimate is…

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