Cannabis Stock Movers For July 1, 2024
Portfolio Pulse from Benzinga Insights
Cannabis stocks showed significant movement on July 1, 2024, with notable gainers including Affinor Growers, Global Compliance, and Corbus Pharmaceuticals. On the other hand, Global Hemp Group, CordovaCann, and 22nd Century Group were among the biggest losers.
July 01, 2024 | 8:30 pm
News sentiment analysis
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NEGATIVE IMPACT
Eastside Distilling shares fell by 3.84% to $0.97, indicating a slight negative market reaction.
The slight price drop suggests mild negative investor sentiment, likely leading to short-term declines.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
Greenlane Holdings shares decreased by 7.94% to $0.30, reflecting a negative market reaction.
The downward movement indicates unfavorable market conditions and investor sentiment, likely leading to short-term declines.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Urban-gro shares decreased by 3.76% to $1.33, reflecting a slight negative market reaction.
The slight price drop suggests mild negative investor sentiment, likely leading to short-term declines.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
22nd Century Group shares fell by 8.76% to $0.70, indicating negative investor sentiment.
The significant price drop suggests negative investor sentiment, likely leading to continued short-term declines.
CONFIDENCE 85
IMPORTANCE 65
RELEVANCE 75
POSITIVE IMPACT
Cara Therapeutics shares increased by 7.02% to $0.26, reflecting a positive market reaction.
The upward movement indicates favorable market conditions and investor sentiment, likely leading to short-term gains.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Corbus Pharmaceuticals shares rose by 9.17% to $49.40, indicating positive investor sentiment.
The significant price increase suggests strong investor confidence, likely leading to continued short-term gains.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80