Cannabis Stock Gainers And Losers From October 16, 2024
Portfolio Pulse from Benzinga Insights
On October 16, 2024, several cannabis stocks experienced significant price movements. Notable gainers included Currenc Group (NASDAQ:CURR) and Eastside Distilling (NASDAQ:EAST), while 22nd Century Group (NASDAQ:XXII) was among the notable losers.
October 16, 2024 | 8:30 pm
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NEGATIVE IMPACT
22nd Century Group's stock fell by 17.41% to $0.11, suggesting negative sentiment or adverse news.
The significant decline indicates negative sentiment, possibly due to unfavorable news or market conditions.
CONFIDENCE 85
IMPORTANCE 65
RELEVANCE 75
POSITIVE IMPACT
Currenc Group's stock rose by 22.62% to $2.53, indicating strong investor interest or positive news impacting the company.
The significant price increase suggests positive sentiment or news, which could lead to further short-term gains.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Eastside Distilling's stock increased by 12.02% to $0.60, reflecting a positive market reaction.
The stock's rise indicates positive investor sentiment, potentially due to favorable news or market conditions.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70