Cannabis Stock Movers For January 11, 2024
Portfolio Pulse from Benzinga Insights
On January 11, 2024, several cannabis stocks experienced significant movements. Notable gainers included Heritage Cannabis Holding, Blueberries Medical, OrganiGram Holdings, and others, with increases ranging from 3.12% to 26.58%. Conversely, several companies faced declines, with Global Compliance leading the losers, followed by Rocky Mountain High, CLS Holdings USA, and others, with decreases ranging from 3.07% to 16.57%. The article lists the closing prices and percentage changes for each mentioned company.
January 11, 2024 | 9:30 pm
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NEGATIVE IMPACT
Canopy Growth closed down 3.07% at $4.42, potentially indicating a negative short-term outlook that could impact investor confidence.
The decline in Canopy Growth's stock price may suggest a bearish trend that could affect its short-term market performance.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Greenlane Holdings closed down 8.20% at $0.50, which could reflect negatively on investor sentiment and may lead to further short-term declines.
The significant decrease in Greenlane Holdings' share price could continue to drive a negative outlook among investors in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Neptune Wellness Solutions closed down 3.81% at $0.56, which could indicate a bearish short-term outlook and impact investor sentiment.
The decline in Neptune Wellness Solutions' stock price may suggest a negative trend that could continue in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Psychemedics closed down 3.59% at $3.49, potentially indicating a negative short-term impact on the stock's performance.
The decrease in Psychemedics' stock price could lead to a short-term negative sentiment among investors.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Tilray Brands closed down 5.00% at $1.90, which may cause concern among investors and could lead to a bearish short-term sentiment.
The drop in Tilray Brands' stock price reflects negative market reaction, potentially influencing a downward trend in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Urban-gro closed down 3.85% at $1.50, which may signal a cautious outlook from investors and could influence a short-term negative trend.
The drop in Urban-gro's share price may lead to a bearish sentiment in the short term, affecting investor decisions.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Eastside Distilling closed up 3.33% at $1.24, showing a positive trend that might capture investor interest in the near term.
The increase in Eastside Distilling's stock price could suggest growing investor confidence, possibly leading to further short-term gains.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
OrganiGram Holdings closed up 17.09% at $1.68, indicating a strong performance that could attract investor interest in the short term.
The significant increase in OrganiGram Holdings' stock price suggests positive investor sentiment and could lead to continued short-term interest.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90