Cannabis Stock Movers For August 29, 2024
Portfolio Pulse from Benzinga Insights
On August 29, 2024, several cannabis stocks experienced significant price movements. Notable gainers included Maple Leaf Green World, Blueberries Medical, and Eastside Distilling, while Elixinol Wellness and 22nd Century Group were among the biggest losers.
August 29, 2024 | 8:30 pm
News sentiment analysis
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POSITIVE IMPACT
Corbus Pharmaceuticals shares rose by 3.83% to $58.01, reflecting positive investor sentiment.
The increase in Corbus Pharmaceuticals' stock price indicates positive investor sentiment, potentially due to favorable developments or market conditions.
CONFIDENCE 85
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
Eastside Distilling shares rose by 5.30% to $0.79, indicating positive investor sentiment.
Eastside Distilling's stock price increase suggests positive investor sentiment, likely due to favorable market conditions or company performance.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Greenlane Holdings shares increased by 4.21% to $5.15, showing a positive market reaction.
The rise in Greenlane Holdings' stock price suggests a favorable market reaction, possibly due to positive news or trends in the cannabis sector.
CONFIDENCE 85
IMPORTANCE 50
RELEVANCE 70
POSITIVE IMPACT
cbdMD shares rose by 4.51% to $0.55, indicating positive investor sentiment.
The rise in cbdMD's stock price indicates positive investor sentiment, likely due to favorable market conditions or company performance.
CONFIDENCE 85
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
Genetic Technologies shares decreased by 5.79% to $0.89, showing a negative market reaction.
The decline in Genetic Technologies' stock price suggests a negative market reaction, potentially due to adverse news or trends.
CONFIDENCE 85
IMPORTANCE 50
RELEVANCE 70
NEGATIVE IMPACT
Mexco Energy shares fell by 9.92% to $11.89, indicating negative market sentiment.
The decline in Mexco Energy's stock price suggests negative market sentiment, possibly due to unfavorable news or performance.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
22nd Century Group shares fell by 14.06% to $0.34, indicating negative market sentiment.
The significant drop in 22nd Century Group's stock price suggests negative market sentiment, possibly due to unfavorable news or performance.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80