Top Canadian Stock Gainers and Losers of May 2023

Blackberry, Shopify and Air Canada stocks jump, while Canopy Growth, Tilray and Nutrien stocks plunge.

Ruth Saldanha 1 June, 2023 | 1:47PM
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Top Stock Gainers in May 2023

Blackberry BB rallied 38.07% in May 2023, leaving the stock up 65.31% for the year. The company’s stock ended the month with a Morningstar Rating of 3 stars, trading close to our $6.6 fair value estimate.

Shopify SHOP jumped 18.33% in May, rising 65.22% from the start of the year. The company’s stock ended the month with a 3-star rating, trading at our fair value estimate of $57.

Air Canada AC climbed 13.03% during the month, lifting shares 10.52% for the year to date. The company’s stock ended the month rated at 4 stars, trading at a 11% discount to its fair value estimate of $27.

Curaleaf CURA 12.8%, and now the shares are down 33.62% year-to-date. The company’s stock ended the month with a 5-star rating, trading at a 86% premium to its fair value estimate of $27.

Green Thumb Industries GTII gained 7.6% last month. The stock is still down 13.77% year-to-date. The company’s stock ended the month with a Morningstar Rating of 5 stars, trading at a 78% discount to its fair value estimate of $47.

Top Stock Losers in May 2023

Canopy Growth WEED fell 35.43% in May, leaving the stock down 64.01% for the year. The company’s stock ended the month with a Morningstar Rating of 5 stars, trading at a 85% discount to its fair value estimate of $8.

Tilray Brands TLRY fell 29.02% for the month, and the stock is down 38.69% year-to-date. Shares are down 38.69 from the start of the year.

Nutrien NTR declined 23.91%, leaving the stock down 26.92% for the year. The company’s stock ended the month with a 4-star rating, trading at a 24% discount to its fair value estimate of $94.

Teck Resources TECK.B fell 16.04% in May, and it is up 4.78% from the start of the year. The company’s stock ended the month with a 3-star rating, trading close to its fair value estimate of $54.

Gildan Activewear GIL slid 15.52%, up 1.2% from the start of the year. The company’s stock ended the month rated at 3 stars, trading at a 14% discount to its fair value estimate of $43.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
Air Canada Shs Voting and Variable Voting17.15 CAD-1.38Rating
BlackBerry Ltd3.42 CAD2.40Rating
Curaleaf Holdings Inc4.08 CAD1.75Rating
Green Thumb Industries Inc14.26 CAD0.07Rating
Shopify Inc Registered Shs -A- Subord Vtg114.59 CAD0.69Rating

About Author

Ruth Saldanha

Ruth Saldanha  is Editorial Manager at Morningstar.ca. Follow her on Twitter @KarishmaRuth.

 
 
 

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