Cannabis Stock Gainers And Losers From August 23, 2024
Portfolio Pulse from Benzinga Insights
On August 23, 2024, several cannabis stocks experienced significant price movements. Notable gainers included CordovaCann, EnWave, and 1933 Industries, while Elixinol Wellness and Target Group were among the biggest losers. The article highlights the volatility in the cannabis sector.
August 23, 2024 | 8:30 pm
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POSITIVE IMPACT
Greenlane Holdings shares rose by 6.38% to $6.67, indicating positive investor sentiment in the cannabis sector.
Greenlane Holdings' stock price increase suggests a positive market reaction, possibly due to favorable news or trends in the cannabis industry.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
GrowGeneration shares increased by 5.50% to $2.30, reflecting a positive trend in the cannabis market.
The rise in GrowGeneration's stock price indicates investor optimism, likely driven by broader positive trends in the cannabis sector.
CONFIDENCE 85
IMPORTANCE 65
RELEVANCE 75
POSITIVE IMPACT
OrganiGram Holdings shares increased by 3.09% to $2.02, indicating a positive trend in the cannabis sector.
The increase in OrganiGram Holdings' stock price reflects positive market sentiment, likely influenced by broader cannabis industry trends.
CONFIDENCE 75
IMPORTANCE 55
RELEVANCE 65
POSITIVE IMPACT
Scotts Miracle Gro shares rose by 3.55% to $71.78, showing positive momentum in the cannabis-related market.
Scotts Miracle Gro's stock price increase suggests positive investor sentiment, possibly due to its involvement in the cannabis industry.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Eastside Distilling shares fell by 3.09% to $0.81, reflecting negative sentiment in the market.
The decline in Eastside Distilling's stock price suggests negative investor sentiment, possibly due to unfavorable news or trends.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60