Cannabis Stock Gainers And Losers From March 4, 2024
Portfolio Pulse from Benzinga Insights
The article reports significant movements in the cannabis stock market on March 4, 2024, listing both gainers and losers. Notable gainers include AusCann Group Holdings with a 2300.00% increase and Elixinol Wellness with a 122.22% rise. On the losing end, GreenGro Technologies saw a 99.00% decrease. Major US-listed companies mentioned are 22nd Century Group, Neptune Wellness Solutions, Genetic Technologies, Canopy Growth, Cronos Group, Mexco Energy, and Aurora Cannabis.
March 04, 2024 | 9:30 pm
News sentiment analysis
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NEGATIVE IMPACT
Aurora Cannabis shares closed down 3.48% at $3.06.
The drop in price could reflect investor skepticism or market adjustments, potentially influencing short-term performance.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Canopy Growth shares closed down 4.98% at $3.05.
The decline in stock price reflects negative market sentiment, possibly affecting short-term performance.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Cronos Group shares closed down 4.46% at $1.93.
The decrease suggests a negative outlook from the market, potentially impacting short-term investment sentiment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Mexco Energy shares closed down 3.68% at $9.68.
This decline may indicate underlying market concerns, potentially affecting the stock's short-term trajectory.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Genetic Technologies shares closed up 8.15% at $2.52.
The stock's upward movement indicates investor optimism, potentially leading to further short-term gains.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Neptune Wellness Solutions shares closed up 14.31% at $0.48.
The increase suggests positive market sentiment and potential for continued growth in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
22nd Century Group shares closed up 17.92% at $0.17.
The significant rise in stock price indicates strong investor confidence and market reception, likely to continue short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80