Bullish Monday For Marijuana Stocks - Leafbuyer Techs, Pharmadrug Among Top Gainers
Portfolio Pulse from Benzinga Insights
Marijuana stocks experienced a bullish Monday with several companies seeing significant gains, including Leafbuyer Techs and Pharmadrug. However, some stocks like AusCann Group Holdings and Greenlane Holdings saw declines.
August 19, 2024 | 8:30 pm
News sentiment analysis
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POSITIVE IMPACT
Corbus Pharmaceuticals saw an 8.74% increase in its stock price, closing at $58.20.
Corbus Pharmaceuticals' stock price increased by 8.74%, indicating positive market sentiment. This could be due to broader market trends in the marijuana sector.
CONFIDENCE 90
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Eastside Distilling's stock increased by 4.99%, closing at $0.70.
Eastside Distilling's stock price rose by 4.99%, reflecting a positive trend in the market, possibly influenced by the overall bullish sentiment in marijuana stocks.
CONFIDENCE 85
IMPORTANCE 40
RELEVANCE 50
POSITIVE IMPACT
cbdMD's stock increased by 3.15%, closing at $0.48.
cbdMD's stock price rose by 3.15%, indicating a positive market response, potentially influenced by the overall bullish trend in marijuana stocks.
CONFIDENCE 80
IMPORTANCE 40
RELEVANCE 50
NEGATIVE IMPACT
Canopy Growth's stock decreased by 5.40%, closing at $6.66.
Canopy Growth's stock price fell by 5.40%, which may reflect investor concerns or negative sentiment in the marijuana sector.
CONFIDENCE 85
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
Greenlane Holdings' stock fell by 16.98%, closing at $9.09.
Greenlane Holdings experienced a significant decline of 16.98% in its stock price, which could be due to company-specific issues or broader market trends.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Urban-gro's stock fell by 6.47%, closing at $1.40.
Urban-gro experienced a 6.47% decline in its stock price, possibly due to market volatility or sector-specific challenges.
CONFIDENCE 80
IMPORTANCE 40
RELEVANCE 50