Cannabis Stock Movers For December 14, 2023
Portfolio Pulse from Benzinga Insights
Cannabis stocks experienced significant movements on December 14, 2023. Genetic Technologies (GENE) saw a massive increase, closing up 474.82% at $3.15. Other gainers included Tilray Brands (TLRY), 22nd Century Group (XXII), Neptune Wellness Solns (NEPT), Mexco Energy (MXC), Emeren Group (SOL), and ESCO Technologies (ESE). Conversely, GrowGeneration (GRWG) and Greenlane Hldgs (GNLN) were among the losers, closing down 3.92% and 3.60% respectively.
December 14, 2023 | 9:30 pm
News sentiment analysis
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NEGATIVE IMPACT
Greenlane Hldgs shares dipped by 3.60%, closing at $0.53, suggesting bearish investor sentiment.
GNLN's stock price drop could indicate underlying market concerns, which may continue to affect the stock in the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
GrowGeneration shares closed down 3.92% at $2.45, indicating a negative market sentiment.
The decline in GRWG's stock price may reflect investor concerns or a negative event, potentially leading to further short-term downside.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
ESCO Technologies shares increased by 3.32%, closing at $113.43, reflecting a positive market move.
ESE's stock price gain suggests a favorable investor response, which may lead to further short-term growth.
CONFIDENCE 55
IMPORTANCE 20
RELEVANCE 30
POSITIVE IMPACT
Genetic Technologies shares skyrocketed, closing up 474.82% at $3.15, indicating a strong positive market response.
The extraordinary rise in GENE's stock price suggests a significant market event or positive sentiment, likely to continue in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Mexco Energy shares experienced a 4.30% increase, closing at $10.18, signaling investor optimism.
MXC's rise in stock price reflects a positive market response, which could lead to continued short-term appreciation.
CONFIDENCE 65
IMPORTANCE 40
RELEVANCE 50
POSITIVE IMPACT
Neptune Wellness Solns shares rose by 5.06%, closing at $0.42, indicating a bullish sentiment.
NEPT's stock price increase suggests positive investor sentiment, which may persist in the short term.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
Emeren Group shares closed up 3.60% at $2.59, showing a modest uptick in investor interest.
The increase in SOL's stock price could be indicative of a positive trend, possibly continuing in the short term.
CONFIDENCE 60
IMPORTANCE 30
RELEVANCE 40
POSITIVE IMPACT
Tilray Brands shares increased by 7.33%, closing at $2.05, reflecting positive investor sentiment.
The gain in TLRY's stock price indicates a favorable outlook, which may result in continued short-term upward momentum.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
22nd Century Group shares closed up 7.74% at $0.22, showing a positive trend for the stock.
The increase in XXII's stock price could suggest growing investor confidence, potentially leading to further short-term gains.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70