Marijuana Stock Movers For August 2, 2024
Portfolio Pulse from Benzinga Insights
On August 2, 2024, several marijuana stocks experienced significant price movements. Notable gainers included CordovaCann, CNBX Pharmaceuticals, Urban-gro, Zelira Therapeutics, Greenlane Holdings, Psychemedics, cbdMD, and others. Conversely, Elixinol Wellness, Affinor Growers, Pharmadrug, Kaya Holdings, 4Front Ventures, and several other stocks saw declines.
August 02, 2024 | 8:30 pm
News sentiment analysis
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POSITIVE IMPACT
Greenlane Holdings shares closed up 9.37% at $0.28, reflecting positive market sentiment.
The price increase indicates investor confidence and potential for short-term gains.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Psychemedics shares closed up 7.31% at $2.00, showing a positive trend.
The upward movement suggests growing investor interest and potential for further gains.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
Urban-gro shares closed up 11.54% at $1.29, indicating strong investor interest.
The significant price increase suggests positive sentiment and potential future gains.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
OrganiGram Holdings shares closed down 5.10% at $1.49, reflecting a downward trend.
The price decrease indicates negative sentiment and potential for further declines.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Scotts Miracle Gro shares closed down 4.73% at $71.66, showing a negative trend.
The decline suggests negative market sentiment and potential for further short-term losses.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
Tilray Brands shares closed down 6.53% at $1.86, indicating negative market sentiment.
The decline suggests negative sentiment and potential for further short-term losses.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90