Cannabis Stock Movers For February 14, 2024
Portfolio Pulse from Benzinga Insights
Cannabis stocks experienced significant movements on February 14, 2024, with notable gainers including Choom Holdings, MedMen Enterprises, and MGC Pharmaceuticals, among others. Psychemedics, Cara Therapeutics, 22nd Century Group, Tilray Brands, and Eastside Distilling were among the NASDAQ and NYSE-listed companies that saw gains. Conversely, Maple Leaf Green World, Item 9 Labs, and 1933 Industries led the losers, with cbdMD and Corbus Pharmaceuticals being the notable AMEX and NASDAQ-listed companies facing declines.
February 14, 2024 | 9:30 pm
News sentiment analysis
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NEGATIVE IMPACT
Corbus Pharmaceuticals shares closed down 3.27% at $21.28.
The drop in Corbus Pharmaceuticals' shares indicates a bearish outlook, which may affect its short-term trajectory.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
cbdMD shares closed down 8.57% at $0.64.
The decline in cbdMD's stock price suggests negative market sentiment, potentially impacting short-term performance.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Cara Therapeutics shares closed up 6.90% at $0.57.
Cara Therapeutics' stock price increase reflects a bullish outlook, potentially leading to further short-term gains.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Eastside Distilling shares closed up 3.67% at $1.13.
The gain in Eastside Distilling's stock price reflects positive sentiment, likely contributing to short-term momentum.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Psychemedics shares closed up 8.45% at $3.21.
The significant gain in Psychemedics' stock price indicates positive investor sentiment, likely to continue in the short term.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Tilray Brands shares closed up 3.95% at $1.84.
Tilray Brands' positive movement indicates investor confidence, suggesting a favorable short-term outlook.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
22nd Century Group shares closed up 4.44% at $0.15.
The uptick in 22nd Century Group's shares suggests a positive market reaction, likely to influence short-term performance.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80