Marijuana Stock Movers For November 17, 2023
Portfolio Pulse from Benzinga Insights
On November 17, 2023, several marijuana stocks experienced significant price movements. Notable gainers included EVIO, Global Hemp Group, and iAnthus Capital Holdings, with increases of 100%, 91.11%, and 49.25% respectively. Other gainers were Body and Mind, Item 9 Labs, CordovaCann, SOL Global Investments, Corbus Pharmaceuticals, GrowGeneration, and various others. On the losing side, 1933 Industries led the declines with a 37.93% drop, followed by Zoned Properties, 22nd Century Group, Charlottes Web Holdings, MedMen Enterprises, Greenlane Holdings, Khiron Life Sciences, Eastside Distilling, Cansortium, and Curaleaf Holdings.
November 17, 2023 | 9:30 pm
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POSITIVE IMPACT
Canopy Growth's shares rose by 4.33%, closing the session at $0.55.
The positive movement in Canopy Growth's stock price could indicate investor optimism, potentially leading to further short-term gains.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Corbus Pharmaceuticals shares surged 13.12% closing at $5.00.
The significant price increase suggests positive investor sentiment and could lead to short-term momentum, attracting more interest in the stock.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Cronos Group experienced a 4.30% increase in its stock price, ending at $1.95.
The uptick in Cronos Group's shares could suggest a bullish sentiment that may lead to short-term price appreciation.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
GrowGeneration shares increased by 12.24%, ending the day at $2.75.
The double-digit percentage gain is a bullish signal that may continue to drive investor interest in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
OrganiGram Holdings closed up 4.24% at $1.23.
The increase in OrganiGram Holdings' stock price could attract more investors, potentially leading to further short-term gains.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Tilray Brands saw a 4.57% increase in its stock price, closing at $1.83.
Tilray's rise indicates a positive trend that could potentially attract more investors in the short term.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Curaleaf Holdings saw a decline of 3.85%, with shares closing at $3.25.
The drop in Curaleaf Holdings' stock price may suggest a negative short-term outlook, potentially leading to further declines.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Eastside Distilling shares closed down 4.91% at $0.92.
The negative performance could lead to a bearish outlook among investors, potentially affecting the stock's short-term trajectory.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Greenlane Holdings' stock decreased by 5.83%, ending at $0.49.
The decline in Greenlane Holdings' stock could indicate bearish market sentiment, possibly leading to further short-term price drops.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
22nd Century Group shares fell by 9.45%, closing at $0.28.
The significant drop in price could reflect negative investor sentiment, potentially leading to further short-term declines.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80