Cannabis Stock Gainers And Losers From September 13, 2024
Portfolio Pulse from Benzinga Insights
On September 13, 2024, several cannabis stocks experienced significant price movements. Notable gainers included 22nd Century Group (XXII) and Corbus Pharmaceuticals (CRBP), while Eastside Distilling (EAST) and Greenlane Holdings (GNLN) were among the losers.
September 13, 2024 | 8:30 pm
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NEGATIVE IMPACT
Eastside Distilling shares fell 21.43% to $0.63, marking a significant decline among cannabis-related stocks.
The sharp decline of 21.43% suggests negative news or sentiment impacting Eastside Distilling, likely resulting in continued short-term downward pressure.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 85
NEGATIVE IMPACT
Greenlane Holdings shares decreased by 6.48% to $4.45, indicating a negative trend in the cannabis sector.
A 6.48% decrease points to potential challenges or negative sentiment for Greenlane Holdings, likely leading to short-term price declines.
CONFIDENCE 85
IMPORTANCE 65
RELEVANCE 75
POSITIVE IMPACT
Corbus Pharmaceuticals shares rose 8.20% to $55.81, showing positive movement in the cannabis sector.
An 8.20% increase suggests positive investor sentiment or favorable developments for Corbus Pharmaceuticals, likely supporting short-term price gains.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
22nd Century Group shares surged 24.17% to close at $0.34, marking a significant gain among cannabis stocks.
The substantial price increase of 24.17% indicates strong investor interest or positive news affecting 22nd Century Group, likely leading to continued short-term upward momentum.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90