Marijuana Stock Movers For May 31, 2023
Portfolio Pulse from Benzinga Insights
On May 31, 2023, marijuana stocks experienced significant price movements, with Cipher Pharmaceuticals (CPHRF) gaining 8.53% and several others, including OrganiGram Holdings (OGI), Tilray Brands (TLRY), and Cara Therapeutics (CARA), closing down.
May 31, 2023 | 9:30 pm
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POSITIVE IMPACT
Cipher Pharmaceuticals shares closed up 8.53% at $2.88 on May 31, 2023.
Cipher Pharmaceuticals' stock price increased by 8.53%, which is a significant gain. This could lead to a short-term positive impact on the stock price as investors may see this as a sign of strength in the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Cara Therapeutics shares closed down 7.56% at $3.18 on May 31, 2023.
Cara Therapeutics' stock price decreased by 7.56%, which is a significant loss. This could lead to a short-term negative impact on the stock price as investors may see this as a sign of weakness in the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
OrganiGram Holdings shares closed down 9.51% at $0.37 on May 31, 2023.
OrganiGram Holdings' stock price decreased by 9.51%, which is a significant loss. This could lead to a short-term negative impact on the stock price as investors may see this as a sign of weakness in the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Tilray Brands shares closed down 8.74% at $1.67 on May 31, 2023.
Tilray Brands' stock price decreased by 8.74%, which is a significant loss. This could lead to a short-term negative impact on the stock price as investors may see this as a sign of weakness in the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100