Marijuana Stock Movers For February 12, 2024
Portfolio Pulse from Benzinga Insights
Marijuana stocks experienced significant movements on February 12, 2024, with Canopy Growth leading the gainers with a 2607.14% increase, while AusCann Group Holdings led the losers with a 44% decrease. Notable companies like Tilray Brands and Cronos Group also saw substantial declines.
February 12, 2024 | 9:30 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Cronos Group shares decreased by 23.05% to close at $2.17, contributing to the list of losers in the sector.
The decline in Cronos Group's stock price could be due to investor skepticism or adverse news affecting the company. This negative momentum could impact the stock's performance in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Tilray Brands shares fell 25.49% to close at $1.90, marking a significant downturn for the company.
Tilray Brands' substantial decline could reflect investor concerns or negative developments. This downturn may lead to decreased investor confidence and further sell-offs in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
POSITIVE IMPACT
Canopy Growth shares surged 2607.14% to close at $3.79, leading the gainers in the marijuana stock sector.
The massive surge in Canopy Growth's stock price indicates strong investor confidence or a significant positive development for the company. This could lead to increased interest and investment in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Scotts Miracle Gro shares increased by 3.76% to close at $57.88, showing positive movement in the sector.
The increase in Scotts Miracle Gro's stock price suggests investor confidence and positive sentiment towards the company. This could lead to further gains in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80