Cannabis Stock Gainers And Losers From March 12, 2024
Portfolio Pulse from Benzinga Insights
On March 12, 2024, several cannabis stocks experienced significant price movements. Notable gainers included MedMen Enterprises, AusCann Group Holdings, and Target Group, with increases of 900%, 816.67%, and 40.74% respectively. On the downside, 1933 Industries led the losers, dropping 30.77%, followed by Heritage Cannabis Holding and Rocky Mountain High with declines of 20% and 19.35%. Corbus Pharmaceuticals and Village Farms Intl were among the few NASDAQ-listed companies mentioned, with gains of 6.06% and 4.25%.
March 12, 2024 | 9:30 pm
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POSITIVE IMPACT
Corbus Pharmaceuticals shares increased by 6.06% to close at $40.60.
The positive movement in Corbus Pharmaceuticals' stock price reflects investor optimism, potentially due to favorable market conditions or company-specific news.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Village Farms Intl shares increased by 4.25% to close at $0.76.
The increase in Village Farms Intl's stock price could indicate positive market sentiment or favorable developments within the company.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Cara Therapeutics shares decreased by 7.59% to close at $0.88.
The decline in Cara Therapeutics' stock price suggests negative investor sentiment, possibly due to market trends or company-specific challenges.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Emeren Group shares decreased by 6.05% to close at $2.02.
The drop in Emeren Group's stock price could reflect broader market downturns or specific issues within the company.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
22nd Century Group shares decreased by 4.07% to close at $0.13.
The decrease in 22nd Century Group's stock price may be due to negative market sentiment or specific adverse developments in the company.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80