Marijuana Stock Movers For January 29, 2024
Portfolio Pulse from Benzinga Insights
The article reports on the significant price movements of various marijuana stocks on January 29, 2024. Notable gainers include CordovaCann, Blueberries Medical, and 1933 Industries, with increases of 26.53%, 26.14%, and 15.88% respectively. Psychemedics, 4Front Ventures, and Canopy Growth also saw gains. On the losing side, EVIO plummeted by 99%, while Global Hemp Group and Corbus Pharmaceuticals experienced significant drops of 45.30% and 34.93%. The article was generated by Benzinga's automated content engine and reviewed by an editor.
January 29, 2024 | 9:30 pm
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POSITIVE IMPACT
Canopy Growth shares closed up 5.92% at $4.83, potentially signaling a bullish trend for the stock in the near future.
The increase in Canopy Growth's share price may attract more investor interest, potentially leading to further short-term gains.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Cronos Group shares closed up 4.59% at $2.05, which could indicate a bullish sentiment among investors in the short term.
The positive movement in Cronos Group's stock price may suggest a bullish sentiment that could continue to drive the price up in the short term.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
GrowGeneration shares increased by 5.33% to close at $2.57, suggesting a positive investor outlook that could persist shortly.
The rise in GrowGeneration's stock price reflects a positive investor outlook, which may lead to continued short-term appreciation.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Psychemedics shares closed up 10.41% at $3.50, indicating a positive market response that could continue in the short term.
The significant gain in Psychemedics' stock price suggests positive investor sentiment, which could lead to continued short-term upward momentum.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
22nd Century Group shares closed up 4.71% at $0.18, indicating a positive market reaction that could have short-term implications.
The gain in 22nd Century Group's stock price suggests a positive market reaction, potentially leading to further short-term gains.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
cbdMD shares closed up 3.67% at $0.80, reflecting a potentially positive trend for the stock in the near term.
The increase in cbdMD's share price could suggest a positive investor response, possibly leading to further short-term gains.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Cara Therapeutics shares closed down 3.73% at $0.56, suggesting a negative perception that could impact the stock price shortly.
The decline in Cara Therapeutics' stock price may reflect investor concerns, which could lead to further short-term depreciation.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Corbus Pharmaceuticals shares closed down 34.93% at $19.19, which could lead to bearish sentiment and further short-term decline.
The substantial decrease in Corbus Pharmaceuticals' stock price could indicate negative market sentiment, potentially leading to further declines in the short term.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 90