Cannabis Stock Gainers And Losers From August 28, 2024
Portfolio Pulse from Benzinga Insights
On August 28, 2024, several cannabis stocks experienced significant price movements. Pharmadrug, Target Group, and Mexco Energy were among the top gainers, while Cipher Pharmaceuticals, Elixinol Wellness, and 22nd Century Group were notable losers.
August 28, 2024 | 8:30 pm
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NEGATIVE IMPACT
Aurora Cannabis saw a 3.73% decline in its stock price, closing at $5.91.
Aurora Cannabis's stock price decline suggests a negative market sentiment, possibly influenced by industry trends or company-specific factors.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Canopy Growth's stock fell by 5.02% to $5.29, suggesting a negative market sentiment.
The decrease in Canopy Growth's stock price indicates a negative sentiment, which could be due to market conditions or company-specific news.
CONFIDENCE 85
IMPORTANCE 65
RELEVANCE 75
NEGATIVE IMPACT
Eastside Distilling's stock decreased by 7.61% to $0.83, reflecting a downturn in investor sentiment.
The decline in Eastside Distilling's stock price indicates a negative market reaction, possibly due to broader market trends or company-specific issues.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
22nd Century Group's stock fell by 13.04% to $0.39, indicating a negative market reaction.
The significant drop in 22nd Century Group's stock price suggests a negative sentiment or event affecting the company, leading to a likely short-term decline.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80