Bearish Sentiment Across The Cannabis Space - Check Full Movers For September 26, 2024
Portfolio Pulse from Benzinga Insights
The cannabis sector experienced mixed movements on September 26, 2024, with some stocks gaining and others losing. Notable gainers included Urban-gro, Cara Therapeutics, Scotts Miracle Gro, and OrganiGram Holdings. Meanwhile, 22nd Century Group and Eastside Distilling were among the notable losers.
September 26, 2024 | 8:30 pm
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NEGATIVE IMPACT
Eastside Distilling shares decreased by 5.40% to $0.56, reflecting a negative market trend.
Eastside Distilling's stock price drop indicates a negative market trend, possibly influenced by broader sector issues.
CONFIDENCE 80
IMPORTANCE 55
RELEVANCE 65
NEGATIVE IMPACT
22nd Century Group shares fell by 5.75% to $0.25, indicating negative sentiment in the market.
The decline in 22nd Century Group's stock price suggests negative market sentiment, possibly due to sector challenges.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Cara Therapeutics shares increased by 3.75% to $0.29, reflecting a positive move in the market.
The rise in Cara Therapeutics' stock price indicates a favorable market reaction, possibly due to sector trends.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
OrganiGram Holdings shares increased by 3.15% to $1.77, indicating a positive market response.
OrganiGram Holdings' stock price rise reflects a positive market response, likely due to favorable sector conditions.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Scotts Miracle Gro shares rose by 3.29% to $83.50, showing positive investor sentiment.
The increase in Scotts Miracle Gro's stock price suggests positive investor sentiment, possibly due to sector performance.
CONFIDENCE 85
IMPORTANCE 65
RELEVANCE 75
POSITIVE IMPACT
Urban-gro shares rose by 6.56% to $1.28, indicating positive sentiment in the cannabis sector.
Urban-gro's stock price increase suggests investor optimism or positive developments in the company or sector.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80