Greenlane Holdings shares are trading lower after Benchmark initiated coverage on the stock with a Speculative Hold rating.
Portfolio Pulse from Benzinga Newsdesk
Benchmark initiated coverage on Greenlane Holdings (GNLN) with a Speculative Hold rating, causing the stock to trade lower.
June 09, 2023 | 7:03 pm
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NEGATIVE IMPACT
Greenlane Holdings' stock is trading lower due to Benchmark's initiation of coverage with a Speculative Hold rating.
Benchmark's initiation of coverage with a Speculative Hold rating indicates uncertainty about the stock's future performance. This may cause investors to be cautious, leading to a short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100