Marijuana Stock Movers For December 22, 2023
Portfolio Pulse from Benzinga Insights
The marijuana stock market saw significant movement on December 22, 2023, with a number of stocks experiencing substantial gains, while a few faced notable losses. Neptune Wellness Solns (NEPT), Cara Therapeutics (CARA), Canopy Growth (CGC), Tilray Brands (TLRY), Corbus Pharmaceuticals (CRBP), Green Thumb Industries (GTBIF), Curaleaf Holdings (CURLF), Cresco Labs (CRLBF), Trulieve Cannabis (TCNNF), SNDL (SNDL), Cronos Group (CRON), GrowGeneration (GRWG), Aurora Cannabis (ACB), 22nd Century Group (XXII), and Village Farms Intl (VFF) were among the gainers. On the losing end, MPX International (MPXOF) saw a dramatic drop, while Psychemedics (PMD) and Urban-gro (UGRO) also closed down.
December 22, 2023 | 9:30 pm
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POSITIVE IMPACT
Cara Therapeutics shares increased by 12.81%, ending at $0.67, reflecting positive momentum.
CARA's notable rise could attract more attention, potentially leading to further short-term gains.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Canopy Growth's stock price rose by 12.64%, closing at $5.08, signaling investor confidence.
CGC's increase is a strong sign of market approval, which could lead to sustained short-term interest.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90
POSITIVE IMPACT
Corbus Pharmaceuticals ended the day up 7.34% at $5.70, showing a bullish trend.
CRBP's positive movement could indicate a favorable outlook, potentially leading to more gains in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Neptune Wellness Solns closed up 28.82% at $0.62, indicating strong market performance.
The substantial gain in NEPT's stock price suggests positive investor sentiment and potential continued interest in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Tilray Brands saw a 7.88% increase in its shares, ending the day at $2.19.
TLRY's gain reflects investor optimism, which may persist in the short term, potentially driving the stock higher.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 85
NEGATIVE IMPACT
Psychemedics saw its shares fall by 8.36%, ending at $2.63, indicating a potential red flag for investors.
PMD's decrease may suggest underlying issues or a broader market downturn, possibly leading to further short-term losses.
CONFIDENCE 75
IMPORTANCE 55
RELEVANCE 70
NEGATIVE IMPACT
Urban-gro's stock declined by 4.20%, closing at $1.14, which may concern investors.
UGRO's drop could reflect negative sentiment or profit-taking, which might lead to further short-term declines.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 70