Cannabis Stock Gainers And Losers From December 18, 2023
Portfolio Pulse from Benzinga Insights
The article reports on significant price movements in cannabis-related stocks on December 18, 2023. It lists the day's gainers and losers, with MPX International leading the gainers with a 2450.00% increase, and Cara Therapeutics experiencing the largest decline, down 47.98%. Notably, the article includes US-listed companies such as Greenlane Holdings, Urban-gro, cbdMD, Village Farms International, Corbus Pharmaceuticals, Cara Therapeutics, Canopy Growth, Neptune Wellness Solutions, Psychemedics, Mexco Energy, SNDL, and Tilray Brands.
December 18, 2023 | 9:30 pm
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POSITIVE IMPACT
Corbus Pharmaceuticals shares closed up 4.55% at $5.75, marking a positive movement.
The stock's positive performance could lead to increased investor interest and short-term upward price pressure.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Greenlane Holdings closed up 13.19% at $0.57, indicating a positive day for the stock.
The significant daily increase suggests strong investor interest, potentially leading to short-term momentum.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Urban-gro closed up 6.84% at $1.25, reflecting a positive performance on the day.
The stock's gain could attract more attention, potentially leading to further short-term gains.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Village Farms International closed up 4.75% at $0.81, indicating a positive day for the stock.
The increase in stock price suggests investor optimism, which could lead to short-term positive momentum.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
cbdMD shares closed up 5.26% at $0.70, showing a positive trend for the company.
The uptick in price could indicate a bullish sentiment that may continue in the short term.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Cara Therapeutics shares closed down 47.98% at $0.64, showing a significant drop.
The substantial decline could indicate negative investor sentiment and potential further short-term downside.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Canopy Growth shares closed down 5.59% at $0.49, indicating a bearish day for the stock.
The drop in price may reflect market uncertainty, potentially leading to further short-term declines.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Mexco Energy shares closed down 3.45% at $9.80, marking a bearish movement.
The stock's decline may indicate a negative market reaction, potentially leading to further short-term downside.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Neptune Wellness Solutions closed down 4.86% at $0.43, showing a negative trend.
The decline could suggest bearish sentiment, which may continue to affect the stock in the short term.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Psychemedics shares closed down 4.36% at $2.85, reflecting a downturn on the day.
The negative performance could lead to a cautious outlook from investors, possibly affecting the stock short-term.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
SNDL shares closed down 3.38% at $1.43, showing a negative trend for the day.
The drop in price could reflect investor hesitation, which may continue in the short term.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Tilray Brands shares closed down 3.16% at $1.99, indicating a bearish day for the stock.
The decline in stock price suggests a lack of investor confidence, which could lead to further short-term declines.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80