Cannabis Stock Gainers And Losers From August 5, 2024
Portfolio Pulse from Benzinga Insights
The article reports on the significant gainers and losers among cannabis stocks on August 5, 2024. Notable gainers include Greenlane Holdings (NASDAQ:GNLN) with a 675.28% increase, and notable losers include Heritage Cannabis Holding (OTC:HERTF) with a 33.33% decrease.
August 05, 2024 | 8:30 pm
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NEGATIVE IMPACT
Aurora Cannabis (NASDAQ:ACB) shares fell by 6.78% to close at $5.54.
The decrease in Aurora Cannabis' stock price suggests negative market sentiment, likely leading to short-term losses.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 85
NEGATIVE IMPACT
Canopy Growth (NASDAQ:CGC) shares fell by 5.02% to close at $6.06.
The decrease in Canopy Growth's stock price suggests negative market sentiment, likely leading to short-term losses.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 75
NEGATIVE IMPACT
Corbus Pharmaceuticals (NASDAQ:CRBP) shares fell by 12.80% to close at $55.03.
The significant decrease in Corbus Pharmaceuticals' stock price suggests negative market sentiment, likely leading to continued short-term losses.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 90
NEGATIVE IMPACT
Tilray Brands (NASDAQ:TLRY) shares fell by 5.91% to close at $1.73.
The decrease in Tilray Brands' stock price indicates negative market sentiment, likely leading to short-term losses.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 80
NEGATIVE IMPACT
Village Farms International (NASDAQ:VFF) shares fell by 7.76% to close at $0.97.
The decrease in Village Farms International's stock price indicates negative market sentiment, likely leading to short-term losses.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 80
POSITIVE IMPACT
Greenlane Holdings (NASDAQ:GNLN) shares surged 675.28% to close at $2.16.
The massive increase in Greenlane Holdings' stock price indicates a significant positive event or sentiment, likely leading to continued short-term gains.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Psychemedics (NASDAQ:PMD) shares increased by 17.50% to close at $1.70.
The notable increase in Psychemedics' stock price suggests positive market sentiment, likely leading to short-term gains.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 80
POSITIVE IMPACT
Urban-gro (NASDAQ:UGRO) shares rose by 12.40% to close at $1.26.
The increase in Urban-gro's stock price indicates positive market sentiment, likely leading to short-term gains.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 70