Investing in Cronos Group Inc. (CRON): What You Must Know


Cronos Group Inc.’s filing revealed that its Director ADLER JASON MARC acquired Company’s shares for reported $0.31 million on Dec 15. In the deal valued at $2.81 per share,109,588 shares were bought. As a result of this transaction, ADLER JASON MARC now holds 1,049,988 shares worth roughly $ 2.2 million.

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Then, ADLER JASON MARC bought 94,600 shares, generating $267,604 in total proceeds. Upon buying the shares at $2.83, the Director now owns 973,277 shares.

Before that, ADLER JASON MARC bought 88,152 shares. Cronos Group Inc. shares valued at $254,980 were divested by the Director at a price of $2.89 per share. As a result of the transaction, ADLER JASON MARC now holds 907,058 shares, worth roughly $1.9 million.

Bernstein initiated its Cronos Group Inc. [CRON] rating to a Mkt perform in a research note published on Friday, November 02, 2022; the price target was $3. PT values the company’s stock at a premium of 30.0 to its Friday closing price. A number of analysts have revised their coverage, including Canaccord Genuity’s analysts, who increased its forecast for the stock in late July from “a Hold” to “a Buy”. CIBC also remained covering CRON and has increased its forecast on May 11, 2022 with a “Sector outperform” recommendation from previously “Neutral” rating. Barclays revised its rating on March 22, 2022. It rated CRON as “an Equal weight” which previously was an “an Underweight”.

Price Performance Review of CRON

On Friday, Cronos Group Inc. [NASDAQ:CRON] saw its stock fall -4.11% to $2.10. On the same session, the stock had its day’s lowest price of $2.09, but rose to a high of $2.17. Over the last five days, the stock has lost -8.70%. Cronos Group Inc. shares have fallen nearly -17.32% since the year began. Nevertheless, the stocks have fallen -36.94% over the past one year. While a 52-week high of $4.31 was reached on 01/09/23, a 52-week low of $2.11 was recorded on 02/24/23. SMA at 50 days reached $2.48, while 200 days put it at $2.90. A total of 1.32 million shares were traded, compared to the trading of 1.38 million shares in the previous session.

Levels Of Support And Resistance For CRON Stock

The 24-hour chart illustrates a support level at 2.07, which if violated will result in even more drops to 2.04. On the upside, there is a resistance level at 2.15. A further resistance level may holdings at 2.20. The Relative Strength Index (RSI) on the 14-day chart is 29.03, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.14, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.62%. Stochastics %K at 9.37% indicates the stock is a buying.

How much short interest is there in Cronos Group Inc.?

A steep rise in short interest was recorded in Cronos Group Inc. stocks on Jan 30, 2023, dropping by 40000.0 shares to a total of 7.79 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2022 was 7.83 million shares. There was a decline of -0.51%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 3.88% of the overall stock float, the days-to-cover ratio (short ratio) fell to 5.44.


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