Cannabis Stock Gainers And Losers From October 1, 2024
Portfolio Pulse from Benzinga Insights
The article reports on the performance of various cannabis stocks on October 1, 2024. Notable gainers include Currenc Group (NASDAQ:CURR) and Mexco Energy (AMEX:MXC), while significant losers include 22nd Century Group (NASDAQ:XXII) and Canopy Growth (NASDAQ:CGC).
October 01, 2024 | 8:30 pm
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NEGATIVE IMPACT
Canopy Growth shares decreased by 8.30% to $4.41, showing a downward trend.
The decline in Canopy Growth's stock price suggests negative investor sentiment or market conditions, likely leading to short-term losses.
CONFIDENCE 85
IMPORTANCE 65
RELEVANCE 75
NEGATIVE IMPACT
22nd Century Group shares fell by 16.41% to $0.18, indicating negative investor sentiment.
The significant drop in 22nd Century Group's stock price suggests negative news or investor sentiment, likely leading to further short-term declines.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Currenc Group shares rose by 12.40% to $2.38, indicating positive investor sentiment.
Currenc Group's significant price increase suggests strong investor interest or positive news, likely leading to continued short-term gains.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Mexco Energy shares increased by 8.73% to $13.20, showing a positive trend.
The rise in Mexco Energy's stock price suggests favorable market conditions or company performance, likely leading to short-term gains.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70