Marijuana Stock Movers For January 9, 2024
Portfolio Pulse from Benzinga Insights
The marijuana stock market saw significant movements on January 9, 2024, with a mix of gainers and losers. Notable gainers included AusCann Group Holdings, Rocky Mountain High, and Item 9 Labs with substantial percentage increases in their share prices. On the other hand, Australis Capital and Choom Holdings experienced dramatic declines, with Australis Capital shares closing down 100%. Other notable losers included Tilray Brands, Canopy Growth, and SNDL with significant percentage decreases. This market activity reflects the volatile nature of the marijuana industry stocks.
January 09, 2024 | 9:30 pm
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NEGATIVE IMPACT
Aurora Cannabis shares closed down 3.64% at $0.46, indicating a negative movement for the day.
Aurora Cannabis is a well-known cannabis company, and a 3.64% drop is a notable daily movement that could signal investor concern or market adjustments.
CONFIDENCE 80
IMPORTANCE 40
RELEVANCE 50
NEGATIVE IMPACT
Canopy Growth shares closed down 7.74% at $4.65, marking a negative trend for the company.
The 7.74% decline in Canopy Growth's stock price could reflect broader market trends or company-specific news that has negatively impacted investor confidence.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
SNDL shares closed down 5.99% at $1.57, showing a downturn in the company's stock value.
SNDL's nearly 6% drop could be due to market volatility or negative investor sentiment towards the company's prospects.
CONFIDENCE 80
IMPORTANCE 40
RELEVANCE 50
NEGATIVE IMPACT
Tilray Brands shares closed down 10.26% at $2.10, representing a significant loss for the day.
Tilray Brands' 10.26% decrease is a substantial drop, likely reflecting investor sentiment and potential market challenges specific to the company or sector.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70