Bullish Friday For Marijuana Stocks - Psychemedics, cbdMD Among Top Gainers
Portfolio Pulse from Benzinga Insights
Marijuana stocks experienced a bullish Friday with Psychemedics, 22nd Century Group, and OrganiGram Holdings seeing gains, while cbdMD and Mexco Energy closed down. Psychemedics shares closed up 17.17% at $3.89, 22nd Century Group shares closed up 3.72% at $0.70, and OrganiGram Holdings shares closed up 3.36% at $1.23. On the other hand, cbdMD shares closed down 6.07% at $0.93 and Mexco Energy shares closed down 3.72% at $12.16.
October 06, 2023 | 9:30 pm
News sentiment analysis
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NEGATIVE IMPACT
Mexco Energy shares closed down 3.72% at $12.16.
The decrease in Mexco Energy's share price suggests a negative market sentiment, which could lead to further short-term losses.
CONFIDENCE 100
IMPORTANCE 60
RELEVANCE 100
NEGATIVE IMPACT
cbdMD shares closed down 6.07% at $0.93.
The significant decrease in cbdMD's share price indicates a negative market sentiment towards the company, which could lead to further short-term losses.
CONFIDENCE 100
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
OrganiGram Holdings shares closed up 3.36% at $1.23.
The increase in OrganiGram Holdings' share price suggests a positive market sentiment, which could lead to further short-term gains.
CONFIDENCE 100
IMPORTANCE 60
RELEVANCE 100
POSITIVE IMPACT
Psychemedics shares closed up 17.17% at $3.89.
The significant increase in Psychemedics' share price indicates a positive market sentiment towards the company, which could lead to further short-term gains.
CONFIDENCE 100
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
22nd Century Group shares closed up 3.72% at $0.70.
The increase in 22nd Century Group's share price suggests a positive market sentiment, which could lead to further short-term gains.
CONFIDENCE 100
IMPORTANCE 60
RELEVANCE 100