Cannabis Stock Gainers And Losers From June 2, 2023
Portfolio Pulse from Benzinga Insights
Cannabis stocks experienced mixed results on June 2, 2023, with several gainers and one notable loser. Emeren Group, iAnthus Capital Hldgs, Innovative Ind Props, GrowGeneration, Scotts Miracle Gro, ESCO Technologies, Compass Diversified Hldgs, and Curaleaf Holdings saw gains, while Trulieve Cannabis shares closed down.
June 02, 2023 | 9:30 pm
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POSITIVE IMPACT
Compass Diversified Hldgs (NYSE:CODI) shares closed up 4.08% at $20.40.
Compass Diversified Hldgs' stock price increased by 4.08%, showing positive momentum in the cannabis sector. This gain could attract more investors and drive the stock price higher in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Curaleaf Holdings (OTC:CURLF) shares closed up 3.09% at $2.83.
Curaleaf Holdings' stock price increased by 3.09%, indicating positive momentum in the cannabis sector. This gain could attract more investors and drive the stock price higher in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
ESCO Technologies (NYSE:ESE) shares closed up 4.55% at $95.99.
ESCO Technologies' stock price increased by 4.55%, indicating positive momentum in the cannabis sector. This gain could attract more investors and drive the stock price higher in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
GrowGeneration (NASDAQ:GRWG) shares closed up 4.88% at $3.87.
GrowGeneration's stock price increased by 4.88%, indicating positive momentum in the cannabis sector. This gain could attract more investors and drive the stock price higher in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Innovative Ind Props (NYSE:IIPR) shares closed up 4.98% at $68.77.
Innovative Ind Props' stock price increased by 4.98%, showing positive momentum in the cannabis sector. This gain could attract more investors and drive the stock price higher in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
iAnthus Capital Hldgs (OTC:ITHUF) shares closed up 5.72% at $0.02.
iAnthus Capital Hldgs' stock price increased by 5.72%, indicating positive momentum in the cannabis sector. This gain could attract more investors and drive the stock price higher in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Scotts Miracle Gro (NYSE:SMG) shares closed up 4.81% at $66.68.
Scotts Miracle Gro's stock price increased by 4.81%, showing positive momentum in the cannabis sector. This gain could attract more investors and drive the stock price higher in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Emeren Group (NYSE:SOL) shares closed up 9.40% at $3.84.
Emeren Group's stock price increased by 9.40%, making it one of the top gainers in the cannabis sector. This positive movement could attract more investors and drive the stock price higher in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Trulieve Cannabis (OTC:TCNNF) shares closed down 5.15% at $3.87.
Trulieve Cannabis' stock price decreased by 5.15%, making it the only notable loser in the cannabis sector on June 2, 2023. This negative movement could deter potential investors and drive the stock price lower in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100