Bearish Friday For Marijuana Stocks - Tilray Brands, HEXO Among Top Gainers
Portfolio Pulse from Benzinga Insights
Marijuana stocks experienced a bearish Friday, with Tilray Brands and HEXO among the top losers. BioHarvest Sciences and Cara Therapeutics were among the top gainers.
May 26, 2023 | 9:30 pm
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NEGATIVE IMPACT
HEXO shares closed down 12.82% at $1.02.
HEXO was another top loser in the marijuana sector on Friday, with its shares closing down 12.82%. This significant drop in share price indicates a negative short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Tilray Brands shares closed down 21.19% at $1.86.
Tilray Brands was among the top losers in the marijuana sector on Friday, with its shares closing down 21.19%. This significant drop in share price indicates a negative short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Cara Therapeutics shares closed up 3.66% at $3.40.
Cara Therapeutics was another top gainer in the marijuana sector on Friday, with its shares closing up 3.66%. This increase in share price indicates a positive short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
BioHarvest Sciences shares closed up 7.47% at $0.16.
BioHarvest Sciences was among the top gainers in the marijuana sector on Friday, with its shares closing up 7.47%. This increase in share price indicates a positive short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100