Cannabis Stock Gainers And Losers From December 12, 2023
Portfolio Pulse from Benzinga Insights
On December 12, 2023, several cannabis stocks experienced significant price movements. Mojave Brands, GrowLife, and Affinor Growers were among the top gainers, with Mojave Brands closing up over 101 million percent. Conversely, Choom Holdings and EVIO were among the top losers, both closing down 99%. Notable US-listed companies that saw price changes include Urban-gro, Corbus Pharmaceuticals, Cara Therapeutics, GrowGeneration, Canopy Growth, OrganiGram Holdings, Greenlane Holdings, and Aurora Cannabis.
December 12, 2023 | 9:30 pm
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POSITIVE IMPACT
Cara Therapeutics shares saw an uptick of 3.03% to $1.19, which may lead to continued investor interest in the short term.
The increase in share price is a positive sign that could lead to continued short-term interest from investors.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
Corbus Pharmaceuticals shares increased by 3.60% to $5.75, suggesting a moderate positive reaction that could maintain investor confidence.
The moderate increase in share price could indicate ongoing investor confidence and potential for further gains.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
Urban-gro shares closed up 7.34% at $1.17, indicating a positive market response that could attract investor interest in the short term.
The significant gain in share price reflects positive sentiment which may continue to drive investor interest in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Aurora Cannabis shares closed down 3.46% at $0.47, hinting at potential concerns among investors about the company's prospects.
The decrease in Aurora Cannabis' share price may signal potential concerns among investors regarding the company's performance or the industry's regulatory environment.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Canopy Growth shares decreased by 5.90% to $0.69, suggesting a negative market reaction that could impact investor sentiment.
The drop in share price reflects a negative market reaction, which could lead to a bearish outlook among investors in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Greenlane Holdings shares fell 5.09% to $0.55, which could reflect investor uncertainty or negative sentiment.
The decline in share price could be indicative of investor uncertainty or a negative sentiment towards the company or sector.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
GrowGeneration shares closed down 7.09% at $2.36, which could indicate a bearish sentiment and potential caution among investors.
The decline in share price may reflect negative market sentiment, potentially leading to short-term caution among investors.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
OrganiGram Holdings shares ended down 5.30% at $1.25, potentially signaling a cautious approach from investors.
The decrease in share price may suggest a cautious approach from investors, possibly due to broader market trends or company-specific news.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 60