Cannabis Stock Movers For September 27, 2023
Portfolio Pulse from Benzinga Insights
On September 27, 2023, several cannabis stocks experienced significant price movements. Notable gainers included Global Hemp Group (OTC:GBHPF), GrowLife (OTC:PHOT), and Heritage Cannabis Holding (OTC:HERTF), with shares closing up 68.42%, 42.86%, and 26.67% respectively. On the other hand, Target Group (OTC:CBDY), MGC Pharmaceuticals (OTC:MGCLF), and Item 9 Labs (OTC:INLB) were among the biggest losers, with shares closing down 48.31%, 45.45%, and 17.65% respectively.
September 27, 2023 | 9:30 pm
News sentiment analysis
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NEGATIVE IMPACT
Target Group shares closed down 48.31% at $0.00.
The significant drop in Target Group's share price indicates negative market sentiment, which could lead to further short-term losses.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Item 9 Labs shares closed down 17.65% at $0.01.
The notable downturn in Item 9 Labs' share price reflects negative investor sentiment, which could result in additional short-term losses.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
MGC Pharmaceuticals shares closed down 45.45% at $0.00.
The substantial decline in MGC Pharmaceuticals' share price suggests weak investor confidence, potentially driving further short-term decreases.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Global Hemp Group shares closed up 68.42% at $0.01.
The significant increase in Global Hemp Group's share price indicates positive market sentiment, which could lead to further short-term gains.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Heritage Cannabis Holding shares closed up 26.67% at $0.01.
The notable uptick in Heritage Cannabis Holding's share price reflects positive investor sentiment, which could result in additional short-term gains.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
GrowLife shares closed up 42.86% at $0.001.
The substantial rise in GrowLife's share price suggests strong investor confidence, potentially driving further short-term increases.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100