Cannabis Stock Movers For August 13, 2024
Portfolio Pulse from Benzinga Insights
Cannabis stocks showed significant movement on August 13, 2024, with notable gainers including Psychemedics (NASDAQ:PMD), OrganiGram Holdings (NASDAQ:OGI), SNDL (NASDAQ:SNDL), Village Farms Intl (NASDAQ:VFF), GrowGeneration (NASDAQ:GRWG), Canopy Growth (NASDAQ:CGC), and Tilray Brands (NASDAQ:TLRY). On the losing side, Greenlane Holdings (NASDAQ:GNLN) and Mexco Energy (AMEX:MXC) experienced declines.
August 13, 2024 | 8:30 pm
News sentiment analysis
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NEGATIVE IMPACT
Greenlane Holdings shares closed down 15.48% at $10.01, indicating negative investor sentiment.
The significant decline suggests negative investor sentiment, which could lead to further price decreases in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Mexco Energy shares closed down 7.24% at $11.50, reflecting negative market sentiment.
The decline indicates negative market sentiment, which may continue to pressure the stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Canopy Growth shares closed up 6.38% at $6.80, reflecting positive market sentiment.
The gain indicates positive market sentiment, which could support further price increases in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
GrowGeneration shares closed up 6.41% at $1.93, showing positive movement.
The positive movement suggests investor confidence, which may continue to drive the stock price higher in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
OrganiGram Holdings shares closed up 25.69% at $1.81, reflecting positive market sentiment.
The substantial gain indicates strong market sentiment, which could drive further price increases in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Psychemedics shares closed up 26.69% at $2.33, 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 70
RELEVANCE 80
POSITIVE IMPACT
SNDL shares closed up 6.47% at $2.13, showing moderate gains.
The moderate gain suggests positive investor sentiment, which may continue to support the stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Tilray Brands shares closed up 4.20% at $1.86, showing moderate gains.
The moderate gain suggests positive investor sentiment, which may continue to support the stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Village Farms Intl shares closed up 6.46% at $1.01, indicating positive investor sentiment.
The gain reflects positive investor sentiment, which could lead to further price appreciation in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70