Marijuana Stock Movers For January 1, 2024
Portfolio Pulse from Benzinga Insights
The article reports on significant price movements in marijuana stocks on January 1, 2024. Notable gainers include Cann Gr, Item 9 Labs, cbdMD, and others with increases ranging from 4.62% to 68.33%. Conversely, several companies experienced declines, with GrowLife leading the losers, dropping 66.67%. Other notable losers include Khiron Life Sciences, MJ Holdings, and OrganiGram Holdings, with decreases ranging from 3.10% to 25.00%. The article was produced by Benzinga's automated content engine.
January 01, 2024 | 9:30 pm
News sentiment analysis
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NEGATIVE IMPACT
Canopy Growth shares closed down 5.10% at $5.02, potentially due to market corrections or negative catalysts.
The decline in Canopy Growth's stock price may be attributed to market dynamics or specific news that could impact investor confidence in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Corbus Pharmaceuticals shares decreased by 6.82% to $5.74, suggesting potential concerns or negative investor sentiment.
The decline in Corbus Pharmaceuticals' stock price may be due to negative factors affecting the company's outlook or market perception.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
GrowGeneration shares closed down 3.10% at $2.50, indicating a potential negative trend or investor reaction to news.
The decline in GrowGeneration's stock price may suggest that there are underlying issues or negative perceptions that could affect its short-term market performance.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
OrganiGram Holdings shares fell 7.73% to close at $1.30, reflecting negative market sentiment or potentially concerning news.
The drop in share price could indicate recent challenges or unfavorable news that may impact OrganiGram Holdings in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Tilray Brands shares fell 4.15% to $2.31, possibly due to adverse market conditions or company-specific news.
The decrease in Tilray Brands' share price could be a result of negative market sentiment or specific issues that may impact the company in the near term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Village Farms International shares decreased by 4.88% to $0.76, reflecting a downturn in investor sentiment or market response.
The drop in Village Farms International's stock price suggests that there may be negative news or investor concerns affecting the stock's short-term trajectory.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
22nd Century Group saw a 6.61% drop in shares to $0.18, indicating a bearish trend or unfavorable news.
The decrease in 22nd Century Group's share price could reflect negative sentiment or developments that may affect the company's short-term performance.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
cbdMD shares surged 31.66% to close at $1.04, indicating strong performance and potential investor optimism.
The significant price increase suggests positive sentiment or news that could continue to drive short-term interest and investment in cbdMD.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90