Marijuana Stock Movers For May 29, 2024
Portfolio Pulse from Benzinga Insights
The article reports on the stock movements of various marijuana-related companies for May 29, 2024. Notable gainers include Global Hemp Group (OTC:GBHPF) with a 218.18% increase and Urban-gro (NASDAQ:UGRO) with a 9.98% increase. Significant losers include The Flowr (OTC:FLWPF) with a 50.00% decrease and Genetic Technologies (NASDAQ:GENE) with a 15.35% decrease.
May 29, 2024 | 8:30 pm
News sentiment analysis
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POSITIVE IMPACT
Urban-gro (NASDAQ:UGRO) shares closed up 9.98% at $1.56, indicating positive investor sentiment.
Urban-gro's significant price increase suggests positive market sentiment, likely driven by favorable news or performance.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Cronos Group (NASDAQ:CRON) shares closed down 4.85% at $2.56, indicating a slight negative sentiment.
Cronos Group's moderate price decline suggests some negative sentiment, possibly due to broader market trends or company-specific issues.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
Genetic Technologies (NASDAQ:GENE) shares closed down 15.35% at $1.89, reflecting negative market reaction.
The significant drop in Genetic Technologies' stock price suggests negative news or poor performance, leading to a sell-off.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80