Cannabis Stock Movers For August 8, 2024
Portfolio Pulse from Benzinga Insights
On August 8, 2024, several cannabis-related stocks experienced significant price movements. Notable gainers included CordovaCann, iAnthus Capital Holdings, Psychemedics, Aurora Cannabis, and Corbus Pharmaceuticals. Conversely, Greenlane Holdings and SOL Global Investments were among the notable losers.
August 08, 2024 | 8:30 pm
News sentiment analysis
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NEGATIVE IMPACT
Greenlane Holdings shares closed down 33.80% at $2.68, indicating significant negative sentiment.
The significant price drop suggests strong negative sentiment, likely leading to continued downward pressure in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
NEGATIVE IMPACT
SOL Global Investments shares closed down 19.50% at $0.04, reflecting negative market sentiment.
The significant price drop indicates negative market sentiment, which could lead to further declines in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Aurora Cannabis shares closed up 13.60% at $7.05, reflecting positive market sentiment.
The notable price increase indicates positive market sentiment, which could drive further gains in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Canopy Growth shares closed up 8.76% at $6.92, indicating positive investor sentiment.
The price increase reflects positive investor sentiment, which could drive further gains in the short term.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 100
POSITIVE IMPACT
Corbus Pharmaceuticals shares closed up 11.80% at $53.60, showing strong performance.
The significant price increase suggests strong performance and investor confidence, likely leading to continued positive momentum.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Psychemedics shares closed up 27.03% at $1.64, indicating strong investor interest.
The significant price increase suggests strong investor interest, likely leading to continued positive momentum in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Tilray Brands shares closed up 6.29% at $1.85, showing positive market reaction.
The price increase indicates a positive market reaction, which could lead to further gains in the short term.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 100