Bearish Sentiment Across The Cannabis Space - Check Full Movers For June 3, 2024
Portfolio Pulse from Benzinga Insights
The cannabis sector experienced significant movements on June 3, 2024, with notable gainers and losers. Key gainers include Eastside Distilling (NASDAQ:EAST), Corbus Pharmaceuticals (NASDAQ:CRBP), and Cara Therapeutics (NASDAQ:CARA). Major losers include Scotts Miracle Gro (NYSE:SMG), Village Farms Intl (NASDAQ:VFF), and Canopy Growth (NASDAQ:CGC).
June 03, 2024 | 8:30 pm
News sentiment analysis
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POSITIVE IMPACT
Cara Therapeutics shares closed up 7.96% at $0.68, showing positive market reaction.
Cara Therapeutics' stock price increase reflects a positive market reaction and investor confidence.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Corbus Pharmaceuticals shares closed up 9.42% at $46.83, reflecting investor optimism.
The significant rise in Corbus Pharmaceuticals' stock price indicates strong investor optimism and positive market sentiment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Eastside Distilling shares closed up 9.80% at $1.04, indicating positive sentiment.
Eastside Distilling's significant price increase suggests strong investor confidence and positive market sentiment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Canopy Growth shares closed down 6.10% at $8.02, showing negative market sentiment.
The drop in Canopy Growth's stock price reflects negative market sentiment and potential investor concerns.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Scotts Miracle Gro shares closed down 7.73% at $64.30, indicating negative sentiment.
The significant drop in Scotts Miracle Gro's stock price suggests negative market sentiment and potential investor concerns.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Village Farms Intl shares closed down 7.56% at $1.12, reflecting investor concerns.
The decline in Village Farms Intl's stock price indicates investor concerns and negative market sentiment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80