Bearish Sentiment Across The Cannabis Space - Check Full Movers For March 11, 2024
Portfolio Pulse from Benzinga Insights
The cannabis sector experienced mixed movements on March 11, 2024, with several companies showing significant gains while others faced steep declines. Notably, MedMen Enterprises and AusCann Group Holdings saw dramatic drops of 90% and 87.5%, respectively. On the gainers' side, CordovaCann led with a 39.35% increase. Major US-listed companies like Eastside Distilling, Psychemedics, Corbus Pharmaceuticals, Emeren Group, Aurora Cannabis, Genetic Technologies, Scotts Miracle Gro, and Cara Therapeutics also experienced price movements.
March 11, 2024 | 9:30 pm
News sentiment analysis
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NEGATIVE IMPACT
Aurora Cannabis shares closed down 4.40% at $3.04.
Aurora Cannabis' decline may be attributed to broader sector challenges or specific company issues.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Cara Therapeutics shares closed down 3.21% at $0.95.
The drop in Cara Therapeutics' stock price may reflect investor concerns or negative industry news.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Corbus Pharmaceuticals shares closed down 14.16% at $38.57.
The decline in Corbus Pharmaceuticals' stock price could be due to negative news or investor sentiment.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Genetic Technologies shares closed down 4.15% at $2.64.
The decrease in Genetic Technologies' stock price could reflect investor caution or negative developments.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Scotts Miracle Gro shares closed down 3.35% at $65.75.
The decline in Scotts Miracle Gro's stock could be linked to broader market or specific sector concerns.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Emeren Group shares closed down 4.93% at $2.12.
The drop in Emeren Group's stock price suggests negative market reaction or unfavorable news.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Eastside Distilling shares closed up 12.00% at $1.19.
The significant price increase suggests positive investor sentiment or favorable developments for Eastside Distilling.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Psychemedics shares closed up 7.00% at $3.21.
The increase in Psychemedics' stock price indicates a bullish outlook from investors or positive company news.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80