Bearish Tuesday For Marijuana Stocks - GrowLife, MedMen Enterprises Among Top Gainers
Portfolio Pulse from Benzinga Insights
Marijuana stocks experienced a bearish Tuesday with several stocks closing down significantly. GrowLife (OTC:PHOT) and MedMen Enterprises (OTC:MMNFF) were among the top losers, closing down 60.00% and 19.30% respectively. However, some stocks such as Khiron Life Sciences (OTC:KHRNF) and Global Compliance (OTC:FUAPF) closed up, gaining 13.33% and 11.00% respectively.
October 03, 2023 | 9:30 pm
News sentiment analysis
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NEGATIVE IMPACT
MedMen Enterprises shares closed down 19.30%.
The substantial decrease in MedMen Enterprises' share price is expected to negatively affect its short-term performance.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
GrowLife shares closed down 60.00%.
The significant drop in GrowLife's share price is likely to have a negative impact on its short-term performance.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Global Compliance shares closed up 11.00%.
The substantial increase in Global Compliance's share price is expected to positively affect its short-term performance.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Khiron Life Sciences shares closed up 13.33%.
The significant increase in Khiron Life Sciences' share price is likely to have a positive impact on its short-term performance.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100