Marijuana Stock Movers For February 1, 2024
Portfolio Pulse from Benzinga Insights
Marijuana stocks experienced significant movements on February 1, 2024, with notable gainers including EVIO, Australis Capital, and OrganiGram Holdings, among others. EVIO led with a 9900.00% increase. On the downside, Rhinomed, Khiron Life Sciences, and Item 9 Labs were among the top losers. This reflects a volatile day in the cannabis sector, impacting several US-listed companies such as OrganiGram Holdings (OGI), Psychemedics (PMD), Cronos Group (CRON), Tilray Brands (TLRY), Canopy Growth (CGC), Eastside Distilling (EAST), 22nd Century Group (XXII), Greenlane Holdings (GNLN), SNDL Inc. (SNDL), and Aurora Cannabis (ACB).
February 01, 2024 | 9:30 pm
News sentiment analysis
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POSITIVE IMPACT
Aurora Cannabis closed up 4.47% at $0.40, indicating a positive investor outlook.
The rise in Aurora Cannabis' stock price suggests a positive investor outlook, potentially driven by favorable market conditions or company developments.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Canopy Growth closed up 7.28% at $5.01, indicating investor confidence.
The rise in Canopy Growth's stock price reflects investor confidence and optimism about the company's future prospects.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Cronos Group closed up 9.00% at $2.18, highlighting investor optimism.
The increase in Cronos Group's stock price suggests positive investor sentiment and potential for future growth within the sector.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Eastside Distilling saw a 6.31% increase to $1.18, showing positive investor sentiment.
Eastside Distilling's stock increase suggests a favorable investor outlook, potentially due to positive company developments or market conditions.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Greenlane Holdings closed up 4.53% at $0.51, showing positive market movement.
Greenlane Holdings' stock rise suggests positive market movement and increased investor confidence in the cannabis accessories market.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
OrganiGram Holdings closed up 10.24% at $1.83, reflecting positive investor sentiment.
The significant increase in OrganiGram Holdings' stock price indicates strong investor confidence and potential growth prospects in the cannabis industry.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Psychemedics saw a 9.37% increase to $3.50, indicating positive market reception.
Psychemedics' stock rise reflects a positive market response, possibly due to favorable company developments or broader sector trends.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
SNDL Inc. closed up 4.51% at $1.39, reflecting a bullish sentiment.
SNDL Inc.'s stock increase is indicative of bullish sentiment and growing investor interest, possibly due to positive sector trends or company achievements.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Tilray Brands saw a 7.66% increase to $1.97, reflecting a positive market trend.
Tilray Brands' stock increase is indicative of a positive trend in the cannabis market, possibly driven by favorable industry news or company performance.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
22nd Century Group closed up 5.23% at $0.18, indicating market optimism.
The increase in 22nd Century Group's stock price reflects market optimism and growing investor interest in the company.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70