Marijuana Stock Movers For November 20, 2023
Portfolio Pulse from Benzinga Insights
On November 20, 2023, several marijuana stocks experienced significant price movements. Notable gainers included 1933 Industries, Heritage Cannabis Holding, and Global Hemp Group, with shares rising by 50.69%, 35.74%, and 24.03% respectively. Neptune Wellness Solutions, Corbus Pharmaceuticals, Canopy Growth, and Aurora Cannabis were among the gainers on NASDAQ. Conversely, Craftport Cannabis, GrowLife, and EVIO were the biggest losers, with their shares plummeting by over 99%. Other notable losers included Body and Mind, Leafbuyer Technologies, and Cresco Labs.
November 20, 2023 | 9:30 pm
News sentiment analysis
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NEGATIVE IMPACT
Cara Therapeutics shares fell by 3.64% to $1.06, showing negative investor reaction.
Cara Therapeutics' stock price drop could reflect short-term bearish sentiment, potentially leading to further declines.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
GrowGeneration shares closed down 3.65% at $2.64, suggesting bearish market sentiment.
The decline in GrowGeneration's stock price could indicate negative sentiment, possibly leading to further short-term downside.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Aurora Cannabis shares rose by 3.76% to $0.48, reflecting a modest market approval.
Aurora Cannabis' share price gain is a positive sign, but as a smaller increase, it may have a more moderate short-term impact.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 80
POSITIVE IMPACT
Canopy Growth shares closed up 7.57% at $0.59, indicating investor confidence.
Canopy Growth's share increase may continue to attract investors, potentially leading to further short-term price appreciation.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Corbus Pharmaceuticals shares increased by 8.46% to close at $5.00, showing a positive trend.
The uptick in Corbus Pharmaceuticals' stock price could attract more attention and potentially lead to further short-term gains.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Neptune Wellness Solutions shares closed up 14.10% at $0.78, indicating a positive market response.
The significant rise in share price suggests strong investor confidence and could lead to continued short-term bullish behavior.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 80