Cannabis Stock Gainers And Losers From March 25, 2024
Portfolio Pulse from Benzinga Insights
Cannabis stocks experienced significant movements on March 25, 2024, with notable gainers including Beleave, Green Growth Brands, and Auxly Cannabis Group, while losers comprised Global Hemp Group, Elixinol Wellness, and SOL Global Investments. Major US-listed companies like GrowGeneration, Canopy Growth, Aurora Cannabis, OrganiGram Holdings, Greenlane Holdings, Tilray Brands, Cara Therapeutics, and Cronos Group also saw varied stock price changes.
March 25, 2024 | 9:30 pm
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NEGATIVE IMPACT
Aurora Cannabis shares closed down 13.58% at $4.20.
Aurora Cannabis's significant stock price decrease suggests market concerns or negative developments within the company, indicating a potential downtrend in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Cara Therapeutics shares closed down 5.47% at $0.83.
The decline in Cara Therapeutics' stock price could reflect market apprehension or unfavorable company updates, suggesting a negative short-term outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Canopy Growth shares closed down 17.56% at $6.34.
The sharp decline in Canopy Growth's stock price reflects negative investor sentiment or potentially disappointing company news, suggesting a bearish outlook in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Cronos Group shares closed down 4.98% at $2.48.
Cronos Group's stock price drop indicates possible negative market sentiment or internal challenges, pointing to a bearish short-term trend.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Greenlane Holdings shares closed down 8.73% at $0.53.
Greenlane Holdings' stock price drop indicates potential negative developments or investor skepticism, pointing to a bearish short-term trend.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
OrganiGram Holdings shares closed down 8.82% at $2.48.
The decrease in OrganiGram Holdings' stock price could be due to negative market sentiment or adverse company news, suggesting a bearish short-term outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Tilray Brands shares closed down 7.36% at $2.14.
Tilray Brands' stock price decline suggests investor concerns or negative news, indicating a possible downward movement in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
GrowGeneration shares closed up 14.35% at $2.55.
The significant increase in GrowGeneration's stock price indicates strong investor confidence and positive market sentiment towards the company, likely to continue in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90