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Greenlane Holdings Inc (GNLN) Drops -0.6% Wednesday: Are Investors Bullish or Bearish On This Pot Stock?

Wednesday, February 22, 2023 10:50 AM | InvestorsObserver Analysts

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Greenlane Holdings Inc (GNLN) Drops -0.6% Wednesday: Are Investors Bullish or Bearish On This Pot Stock?

GNLN, a player in the cannabis market, is lower by 0.6% Wednesday as it underperforms the market as a whole. Greenlane Holdings Inc (GNLN) stock is unmoved 0.00% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.

Sentiment Score - ,bearish
Greenlane Holdings Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on GNLN!

What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With GNLN Stock Today?

Greenlane Holdings Inc (GNLN) stock is flat -0.6% while the S&P 500 is down -0.19% as of 10:43 AM on Wednesday, Feb 22. GNLN is flat $0.00 from the previous closing price of $0.38 on volume of 1,772,066 shares. Over the past year the S&P 500 is lower by -7.32% while GNLN is down -96.65%. GNLN lost -$18.80 per share in the over the last 12 months.

More About Greenlane Holdings Inc

Greenlane Holdings Inc is a distributor of vaporization products and consumption accessories in the United States. It offers a selection of stock-keeping units including vaporizers and parts, cleaning products, grinders and storage containers, pipes, rolling papers and customized lines of premium specialty packaging. The company markets and sells its products in both the business to business and business to consumer sectors of the marketplace. Its geographical segment includes the United States; Canada and Europe. It derives a majority of revenue from the United States. Click Here to get the full Stock Report for Greenlane Holdings Inc stock.

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