Marijuana Stock Movers For December 8, 2023
Portfolio Pulse from Benzinga Insights
On December 8, 2023, several marijuana stocks experienced significant price movements. EVIO led the gainers with a 4900% increase, while Choom Holdings saw the largest decline, dropping 75%. Other notable gainers include RIV Capital, GrowLife, and Canopy Growth, with increases of 40%, 40%, and 11.43% respectively. Among the losers, MGC Pharmaceuticals and Maple Leaf Green World fell by 16.24% and 13.49%. The movements reflect the volatile nature of the marijuana stock market.
December 08, 2023 | 9:30 pm
News sentiment analysis
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NEGATIVE IMPACT
Greenlane Holdings shares fell by 3.93% to close at $0.55, indicating a downturn for the company.
The decline in Greenlane Holdings' stock price may suggest a negative outlook among investors, potentially continuing in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
22nd Century Group shares closed down 4.88% at $0.23, reflecting a negative day for the stock.
The drop in 22nd Century Group's shares could lead to bearish sentiment in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Aurora Cannabis shares closed up 5.75% at $0.52, indicating a positive day for the company.
Aurora Cannabis's stock price increase suggests positive investor sentiment, which could lead to short-term momentum.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Canopy Growth shares closed up 11.43% at $0.81, showing a strong performance on the day.
The significant rise in Canopy Growth's stock price could attract more investor interest in the short term.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 80
POSITIVE IMPACT
Corbus Pharmaceuticals shares increased by 9.26% to close at $5.90, marking a positive trend for the company.
Corbus Pharmaceuticals' stock appreciation indicates a bullish sentiment that could persist in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70