Cannabis Stock Gainers And Losers From November 15, 2023
Portfolio Pulse from Benzinga Insights
On November 15, 2023, several cannabis-related stocks experienced significant price movements. Notable gainers included EVIO and MPX International, both soaring 9900.00% to close at $0.0001. Other gainers were AusCann Group Holdings, Heritage Cannabis Holding, GreenGro Technologies, MJ Holdings, Auxly Cannabis Group, C21 Investments, iAnthus Capital Hldgs, Zoned Props, Cresco Labs, GrowGeneration, Scotts Miracle Gro, Cansortium, Corbus Pharmaceuticals, 4Front Ventures, MedMen Enterprises, Tilray Brands, and Curaleaf Holdings. Conversely, notable losers included Item 9 Labs, Kaya Holdings, CordovaCann, 1933 Industries, Leafbuyer Techs, Eastside Distilling, CLS Holdings USA, 22nd Century Group, Cann Gr, Indiva, Cannabix Technologies, MariMed, Nextleaf Solutions, Zelira Therapeutics, and Cara Therapeutics.
November 15, 2023 | 9:30 pm
News sentiment analysis
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NEGATIVE IMPACT
Cara Therapeutics shares fell by 4.11% to $1.05, which could indicate bearish sentiment in the short term.
The decline in CARA's stock price may continue in the short term if the negative sentiment persists among investors.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Eastside Distilling shares closed down 8.85% at $1.03, hinting at possible continued short-term negative performance.
The significant decrease in EAST's stock price could lead to a bearish outlook, potentially resulting in continued short-term depreciation.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
22nd Century Group experienced an 8.18% decrease in stock price to $0.36, potentially leading to further short-term downward pressure.
The drop in XXII's stock price might be a sign of ongoing bearish trends, which could result in additional short-term losses.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Corbus Pharmaceuticals ended the day with a 5.93% gain at $4.10, possibly indicating a short-term positive momentum.
The increase in CRBP's share price may attract more investor interest, potentially leading to further short-term gains.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
GrowGeneration shares closed up 7.27% at $2.36, indicating a positive market response that could lead to short-term bullish sentiment.
The significant gain in stock price reflects positive investor sentiment, which could continue in the short term, driving the price up further.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Scotts Miracle Gro shares increased by 6.09% to close at $58.05, suggesting a favorable outlook that may persist in the near term.
The rise in SMG's stock price could be indicative of ongoing investor optimism, potentially leading to further short-term appreciation.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Tilray Brands saw a 5.20% increase in its stock price to $1.82, which may lead to a positive short-term trend.
The gain in TLRY's stock price reflects a positive market reaction that could potentially extend into the short term, pushing the price higher.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80