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CannTrust Holdings Inc. (CTST) Outpaces Stock Market Gains: What You Should Know

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CannTrust Holdings Inc. closed at $0.79 in the latest trading session, marking a +1.78% move from the prior day. This change outpaced the S&P 500's 0.15% gain on the day. Meanwhile, the Dow gained 0.1%, and the Nasdaq, a tech-heavy index, added 0.05%.

Prior to today's trading, shares of the company had lost 30.75% over the past month. This has lagged the Medical sector's gain of 5.8% and the S&P 500's gain of 1.32% in that time.

CTST will be looking to display strength as it nears its next earnings release.

Investors might also notice recent changes to analyst estimates for CTST. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.

Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. CTST currently has a Zacks Rank of #3 (Hold).

The Medical - Drugs industry is part of the Medical sector. This industry currently has a Zacks Industry Rank of 59, which puts it in the top 24% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

You can find more information on all of these metrics, and much more, on Zacks.com.

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