Cannabis Stock Movers For June 17, 2024
Portfolio Pulse from Benzinga Insights
Cannabis stocks showed significant movement on June 17, 2024, with notable gainers including Maple Leaf Green World, Rocky Mountain High, and Psychemedics. Conversely, Elixinol Wellness, Cann Gr, and Cara Therapeutics were among the biggest losers.
June 17, 2024 | 8:30 pm
News sentiment analysis
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NEGATIVE IMPACT
Cara Therapeutics shares closed down 22.97% at $0.25, reflecting a substantial decline.
The sharp decline in Cara Therapeutics' stock price indicates negative investor sentiment, likely leading to short-term losses.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Corbus Pharmaceuticals shares closed down 15.82% at $44.21, indicating a notable decline.
The significant drop in Corbus Pharmaceuticals' stock price reflects negative investor sentiment, likely leading to short-term losses.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
22nd Century Group shares closed down 19.17% at $0.67, showing a significant drop.
The notable decrease in 22nd Century Group's stock price suggests negative market reaction, likely resulting in short-term declines.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Psychemedics shares closed up 12.00% at $2.27, indicating strong investor interest.
Psychemedics' significant price increase suggests positive investor sentiment, likely leading to short-term gains.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80