Why Edible Garden Stock Is Climbing Higher
Portfolio Pulse from Erica Kollmann
Edible Garden AG Incorporated (NASDAQ:EDBL) reported better-than-expected Q2 financial results, with losses of 24 cents per share, beating the analyst consensus estimate by 73.33%, and sales of $4.22 million, beating the consensus estimate by 15.33%. The company's shares are trading higher on heavy trading volume, with more than 63.5 million shares traded in the session.
August 10, 2023 | 3:53 pm
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Edible Garden AG's better-than-expected Q2 results and heavy trading volume are driving its stock price higher.
Edible Garden AG reported better-than-expected Q2 results, which is a positive signal to investors and can drive the stock price higher. Additionally, the heavy trading volume indicates a high level of investor interest, which can further boost the stock price.
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