Cannabis Stock Gainers And Losers From March 19, 2024
Portfolio Pulse from Benzinga Insights
Cannabis stocks experienced significant movements on March 19, 2024, with notable gainers including Canopy Growth, Body and Mind, and Charlotte's Web Holdings, among others. Conversely, several companies faced declines, such as Item 9 Labs and Heritage Cannabis Holding. The fluctuations highlight the volatile nature of the cannabis market.
March 19, 2024 | 9:30 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Canopy Growth shares surged 18.06%, closing at $4.38, indicating strong investor confidence.
The significant rise in Canopy Growth's stock price reflects positive market sentiment and could attract more investors in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Tilray Brands experienced a 4.20% increase in its stock price, closing at $2.00, signaling moderate investor interest.
Tilray Brands' stock price increase indicates a moderate level of investor interest, potentially leading to further gains in the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Cara Therapeutics experienced a 3.78% drop in its stock price, closing at $0.87, reflecting mild investor concern.
The decrease in Cara Therapeutics' stock price shows some investor apprehension, which may impact its short-term performance.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Item 9 Labs saw a dramatic 39.00% decrease in its stock price, indicating significant investor concern.
The steep decline in Item 9 Labs' stock price suggests negative market sentiment, which could deter investors in the short term.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90