Cannabis Stock Movers For January 10, 2024
Portfolio Pulse from Benzinga Insights
Cannabis stocks experienced significant movements on January 10, 2024. Choom Holdings, EVIO, Global Hemp Group, Global Compliance, Cannabix Technologies, Body and Mind, Pharmadrug, Neptune Wellness Solutions, and Trees saw gains, with Choom Holdings leading with a 9900% increase. Conversely, Acacia Diversified Holdings led the losers with a 99% decline, followed by significant losses in Cann Gr, Khiron Life Sciences, CordovaCann, Elixinol Wellness, 1933 Industries, Item 9 Labs, Affinor Growers, 4Front Ventures, C21 Investments, Heritage Cannabis Holding, Cresco Labs, Leafbuyer Techs, Trulieve Cannabis, Eastside Distilling, Curaleaf Holdings, Cara Therapeutics, Indiva, Auxly Cannabis Group, RIV Capital, Tilray Brands, Greenlane Holdings, iAnthus Capital Holdings, Psychemedics, SNDL, and SOL Global Investments.
January 10, 2024 | 9:30 pm
News sentiment analysis
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NEGATIVE IMPACT
SNDL shares closed down 3.82% at $1.51, part of a broader downturn in the cannabis market.
SNDL's decline is in line with the overall negative performance of the cannabis sector, suggesting short-term pressure on the stock.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
Tilray Brands experienced a decline of 4.74%, ending the day at $2.01.
Tilray Brands' drop reflects broader market trends in the cannabis sector, potentially indicating short-term bearish sentiment for the stock.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Neptune Wellness Solutions saw a modest gain of 4.24%, closing at $0.55.
The modest gain for Neptune Wellness Solutions suggests a positive short-term sentiment, but as a smaller movement compared to others, the impact may be limited.
CONFIDENCE 75
IMPORTANCE 40
RELEVANCE 50