Cannabis Stock Gainers And Losers From May 16, 2024
Portfolio Pulse from Benzinga Insights
The article reports on the performance of various cannabis stocks on May 16, 2024, highlighting significant gainers and losers. Notable gainers include Flower One Holdings, Cannabix Technologies, and Greenlane Holdings, while MJ Holdings and Maple Leaf Green World were among the biggest losers.
May 16, 2024 | 8:30 pm
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NEGATIVE IMPACT
Psychemedics shares closed down 4.28% at $2.56, indicating negative market sentiment.
The price decrease reflects negative market sentiment and potential investor concerns about Psychemedics.
CONFIDENCE 78
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
Aurora Cannabis shares closed up 7.16% at $7.60, indicating positive investor sentiment.
The price increase reflects positive investor sentiment and potential confidence in Aurora Cannabis.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Canopy Growth shares closed up 10.19% at $10.99, showing strong performance.
The notable price increase suggests strong performance and positive investor sentiment towards Canopy Growth.
CONFIDENCE 88
IMPORTANCE 65
RELEVANCE 75
POSITIVE IMPACT
Cronos Group shares closed up 5.86% at $3.02, indicating positive market sentiment.
The price increase reflects positive market sentiment and potential investor confidence in Cronos Group.
CONFIDENCE 80
IMPORTANCE 55
RELEVANCE 65
POSITIVE IMPACT
Eastside Distilling shares closed up 6.43% at $1.05, showing positive performance.
The price increase suggests positive performance and investor sentiment towards Eastside Distilling.
CONFIDENCE 78
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
Greenlane Holdings shares closed up 16.06% at $0.61, indicating strong investor interest.
The significant price increase suggests strong investor interest and potential positive sentiment around Greenlane Holdings.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
GrowGeneration shares closed up 6.61% at $2.89, reflecting positive market sentiment.
The price increase indicates positive market sentiment and potential investor confidence in GrowGeneration.
CONFIDENCE 80
IMPORTANCE 55
RELEVANCE 65
POSITIVE IMPACT
SNDL shares closed up 3.49% at $2.65, showing positive performance.
The price increase suggests positive performance and investor sentiment towards SNDL.
CONFIDENCE 78
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
Urban-gro shares closed up 12.58% at $1.75, reflecting positive market sentiment.
The price increase indicates positive market sentiment and potential investor confidence in Urban-gro.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70