Cannabis Stock Movers For August 1, 2024
Portfolio Pulse from Benzinga Insights
Cannabis stocks showed significant movement on August 1, 2024, with notable gainers including Maple Leaf Green World, Heritage Cannabis Holding, and 22nd Century Group. Conversely, Elixinol Wellness, Zelira Therapeutics, and Canopy Growth were among the biggest losers.
August 01, 2024 | 8:30 pm
News sentiment analysis
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POSITIVE IMPACT
Cara Therapeutics shares closed up 5.43% at $0.35, showing moderate investor interest.
The moderate price increase suggests a positive outlook among investors.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
Greenlane Holdings shares closed up 8.60% at $0.27, reflecting positive market sentiment.
The price increase indicates investor confidence and potential for short-term gains.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
22nd Century Group shares closed up 8.98% at $0.68, indicating strong investor interest.
The significant price increase suggests positive sentiment and potential future gains.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Canopy Growth shares closed down 10.53% at $6.77, indicating negative market sentiment.
The significant price drop suggests negative sentiment and potential short-term losses.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Cronos Group shares closed down 5.96% at $2.35, reflecting negative investor sentiment.
The price decrease indicates a bearish outlook among investors.
CONFIDENCE 85
IMPORTANCE 65
RELEVANCE 75
NEGATIVE IMPACT
GrowGeneration shares closed down 5.63% at $2.18, showing a decline in investor confidence.
The decline in share price suggests negative sentiment and potential short-term losses.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70