Cannabis Stock Gainers And Losers From August 12, 2024
Portfolio Pulse from Benzinga Insights
On August 12, 2024, several cannabis stocks experienced significant price movements. Greenlane Holdings (NASDAQ:GNLN) saw a massive increase of 316.84%, closing at $11.50. Other notable gainers included Psychemedics (NASDAQ:PMD) and Genetic Technologies (NASDAQ:GENE). On the losing side, Global Hemp Group (OTC:GBHPF) dropped 53.79%, and cbdMD (AMEX:YCBD) fell 17.18%.
August 12, 2024 | 8:30 pm
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POSITIVE IMPACT
Genetic Technologies (NASDAQ:GENE) shares rose by 4.57%, closing at $0.81.
The moderate price increase indicates some positive investor sentiment towards Genetic Technologies.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
Greenlane Holdings (NASDAQ:GNLN) shares surged 316.84% to close at $11.50.
The significant price increase indicates strong investor interest or positive news related to Greenlane Holdings.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Psychemedics (NASDAQ:PMD) shares increased by 39.39%, closing at $1.83.
The substantial price increase suggests positive sentiment or news impacting Psychemedics.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 80
NEGATIVE IMPACT
Corbus Pharmaceuticals (NASDAQ:CRBP) shares fell 7.35%, closing at $52.41.
The moderate price decrease suggests some negative sentiment or news impacting Corbus Pharmaceuticals.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
NEGATIVE IMPACT
Global Hemp Group (OTC:GBHPF) shares plummeted 53.79%, closing at $0.02.
The significant price drop indicates negative news or sentiment affecting Global Hemp Group.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Urban-gro (NASDAQ:UGRO) shares decreased by 7.58%, closing at $1.22.
The moderate price decrease indicates some negative sentiment towards Urban-gro.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
NEGATIVE IMPACT
cbdMD (AMEX:YCBD) shares fell 17.18%, closing at $0.50.
The significant price decrease suggests negative sentiment or news impacting cbdMD.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 80