Bearish Monday For Marijuana Stocks - Flower One Hldgs, SOL Glb Inv Among Top Gainers
Portfolio Pulse from Benzinga Insights
Marijuana stocks experienced a bearish Monday with several companies seeing significant losses. Notable gainers included Heritage Cannabis Holding, 1933 Industries, and Target Group. Major losers included Flower One Holdings, Elixinol Wellness, and Pharmadrug.
May 20, 2024 | 8:30 pm
News sentiment analysis
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POSITIVE IMPACT
Cara Therapeutics shares closed up 4.79% at $0.75, showing a positive trend.
The increase in stock price suggests a positive trend, likely driven by favorable news or market conditions.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Corbus Pharmaceuticals shares closed up 5.84% at $48.55, indicating positive investor sentiment.
The stock price increase suggests positive investor sentiment, likely due to favorable news or performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Eastside Distilling shares closed up 4.79% at $0.97, indicating positive investor sentiment.
The stock price increase suggests positive investor sentiment, likely due to favorable news or performance.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Genetic Technologies shares closed up 5.26% at $2.28, reflecting a positive market reaction.
The stock price increase indicates a positive market reaction, possibly due to recent developments or announcements.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Urban-gro shares closed up 3.61% at $1.70, showing a positive trend.
The increase in stock price suggests a positive trend, likely driven by favorable news or market conditions.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Village Farms Intl shares closed up 3.97% at $1.28, reflecting a positive market reaction.
The stock price increase indicates a positive market reaction, possibly due to recent developments or announcements.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
Canopy Growth shares closed down 6.45% at $10.13, indicating negative investor sentiment.
The stock price decrease suggests negative investor sentiment, possibly due to unfavorable news or performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Cronos Group shares closed down 3.45% at $2.78, reflecting a negative market reaction.
The stock price decrease indicates a negative market reaction, possibly due to recent developments or announcements.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
Psychemedics shares closed down 4.65% at $2.60, showing a negative trend.
The decrease in stock price suggests a negative trend, likely driven by unfavorable news or market conditions.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50