Marijuana Stock Movers For February 2, 2024
Portfolio Pulse from Benzinga Insights
Marijuana stocks experienced significant movements on February 2, 2024, with notable gainers including Tony G Co-Investment, Global Hemp Group, and Khiron Life Sciences. On the downside, Global Compliance, MJ Holdings, and Rocky Mountain High were among the top losers. Neptune Wellness Solutions, Eastside Distilling, Canopy Growth, cbdMD, Corbus Pharmaceuticals, Tilray Brands, and Cronos Group were notable companies listed on major exchanges that saw price changes.
February 02, 2024 | 9:30 pm
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POSITIVE IMPACT
Eastside Distilling shares closed up 6.31% at $1.18.
The increase in EAST's stock price indicates positive market reception, likely contributing to short-term growth.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Neptune Wellness Solutions shares closed up 6.68% at $0.53.
The positive movement in NEPT's stock price reflects investor optimism, potentially leading to short-term upward momentum.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 90
NEGATIVE IMPACT
Canopy Growth shares closed down 6.56% at $4.70.
The decline in CGC's stock price suggests negative sentiment among investors, potentially leading to short-term downward pressure.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 90
NEGATIVE IMPACT
Corbus Pharmaceuticals shares closed down 4.64% at $26.50.
The drop in CRBP's stock price indicates a bearish outlook from investors, potentially leading to short-term challenges.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 90
NEGATIVE IMPACT
Cronos Group shares closed down 3.24% at $2.09.
The decline in CRON's stock price suggests a lack of investor confidence, potentially impacting its short-term trajectory negatively.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 90
NEGATIVE IMPACT
Tilray Brands shares closed down 4.08% at $1.88.
The negative movement in TLRY's stock price could signal investor skepticism, affecting its short-term outlook.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 90
NEGATIVE IMPACT
cbdMD shares closed down 4.74% at $0.74.
The decrease in YCBD's stock price reflects investor concerns, likely affecting its short-term performance negatively.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 90