Bearish Sentiment Across The Cannabis Space - Check Full Movers For June 25, 2024
Portfolio Pulse from Benzinga Insights
The cannabis sector experienced significant volatility on June 25, 2024, with notable gainers and losers. Genetic Technologies (NASDAQ:GENE) and Mexco Energy (AMEX:MXC) saw modest gains, while Cara Therapeutics (NASDAQ:CARA) and Canopy Growth (NASDAQ:CGC) experienced declines.
June 25, 2024 | 8:30 pm
News sentiment analysis
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NEGATIVE IMPACT
Cara Therapeutics (NASDAQ:CARA) shares closed down 7.80% at $0.33, indicating a negative market reaction.
The 7.80% decline in CARA's share price suggests a negative market reaction, possibly due to unfavorable news or investor sentiment.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 50
NEGATIVE IMPACT
Canopy Growth (NASDAQ:CGC) shares closed down 7.58% at $6.48, reflecting a significant decline in the market.
The 7.58% decline in CGC's share price indicates a significant negative market reaction, likely driven by adverse news or investor sentiment.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Genetic Technologies (NASDAQ:GENE) shares closed up 4.07% at $1.48, indicating a positive sentiment in the market.
The 4.07% increase in GENE's share price suggests a positive market reaction, likely driven by favorable news or investor sentiment.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Mexco Energy (AMEX:MXC) shares closed up 3.47% at $11.34, reflecting a modest gain in the market.
The 3.47% increase in MXC's share price indicates a modest gain, suggesting a positive but cautious market sentiment.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 50