Why OrganiGram Holdings Stock Jumped Today : vimarsana.com

Why OrganiGram Holdings Stock Jumped Today


Author Bio
Howard grew up in Philadelphia watching the Philly sports teams struggle for championships. He has been investing since 1989 and been a Fool since 2001. Prior to joining The Fool as a contract writer in 2019, Howard worked in the steel business as an engineer for 28 years. When he isn’t writing, he is usually out for a run, or relaxing to the music of the Grateful Dead.
What happened
Shares of Canadian cannabis company
OrganiGram Holdings (NASDAQ:OGI) jumped as much as 15% Friday. As of 3:10 p.m. EDT, shares remained up 11.9% on the day. 
So what
The only company-specific news around OrganiGram came earlier this week when the company surprised investors with news that CEO Greg Engel will be leaving that role immediately and that his interim replacement is the board's chairman, Peter Amirault. Engel will remain as a special advisor to the board of directors during an undefined transition period. No reason was given for the change. But today's jump comes after an analyst gave a Canadian cannabis peer an upgrade to a buy rating. 

Related Keywords

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