Cannabis Stock Gainers And Losers From January 30, 2024
Portfolio Pulse from Benzinga Insights
The article reports on the significant price movements of various cannabis-related stocks on January 30, 2024. Notable gainers include MedMen Enterprises, EVIO, Corbus Pharmaceuticals, and others, with MedMen and EVIO both closing up 9900.00% at $0.0001. On the losing side, Rhinomed led the declines with a 73.54% drop. The article lists both gainers and losers with their respective percentage changes and closing prices.
January 30, 2024 | 9:30 pm
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NEGATIVE IMPACT
Canopy Growth shares declined by 3.31%, closing at $4.67, possibly due to market headwinds or negative news.
Canopy Growth's stock price decrease may signal underlying issues or broader sector concerns, which investors should examine further.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Genetic Technologies shares closed down 5.36% at $1.94, indicating potential negative sentiment or events.
The decline in Genetic Technologies' stock price could be due to adverse news or market reactions, suggesting caution for investors.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Scotts Miracle-Gro shares decreased by 3.05%, closing at $57.17, potentially due to negative market trends.
The decrease in Scotts Miracle-Gro's stock price might be a result of negative industry news or company-specific challenges, which should be investigated by investors.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
SNDL shares closed down 4.96% at $1.34, which may reflect investor concerns or unfavorable market conditions.
The drop in SNDL's stock price could be a reaction to negative industry news or company-specific issues, warranting investor investigation.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Tilray Brands shares experienced a 3.06% drop, closing at $1.90, indicating possible investor caution.
The decline in Tilray Brands' stock could be due to negative sentiment or events affecting the company or sector, meriting investor attention.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Corbus Pharmaceuticals shares surged 34.26%, closing at $25.00, indicating strong investor confidence or positive news.
A 34.26% increase in stock price for Corbus Pharmaceuticals suggests significant positive sentiment or developments. Investors should watch for any news or events that might have triggered this rise.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Eastside Distilling shares increased by 14.68%, closing at $1.25, reflecting a positive market reaction.
The rise in Eastside Distilling's stock price could be due to favorable market conditions or company-specific news. Investors should consider the context of the increase for potential opportunities.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Greenlane Holdings shares closed up 4.61% at $0.51, potentially indicating investor optimism.
Greenlane Holdings' stock price increase may reflect investor confidence or positive developments within the company or industry.
CONFIDENCE 65
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
Psychemedics shares saw a 4.48% increase, closing at $3.50, which could attract investor interest.
The increase in Psychemedics' shares might be due to positive market sentiment or company-specific news, warranting investor attention.
CONFIDENCE 65
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
22nd Century Group shares increased by 3.80%, closing at $0.19, which may indicate a positive outlook.
The rise in 22nd Century Group's stock price suggests a favorable investor response, possibly due to company progress or market trends.
CONFIDENCE 65
IMPORTANCE 50
RELEVANCE 60