As this happened, Bernstein initiated its Cronos Group Inc [CRON] rating to a Mkt perform in a research note published on November 02, 2022; the price target was $3. 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”.
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Price Performance Review of CRON
On Tuesday, Cronos Group Inc [NASDAQ:CRON] saw its stock jump 7.51% to $2.29. Over the last five days, the stock has gained 6.02%. Cronos Group Inc shares have risen nearly 9.57% since the year began. Nevertheless, the stocks have risen 32.37% over the past one year. While a 52-week high of $3.14 was reached on 05/16/24, a 52-week low of $1.70 was recorded on 03/05/24. SMA at 50 days reached $2.22, while 200 days put it at $2.33.
Levels Of Support And Resistance For CRON Stock
The 24-hour chart illustrates a support level at 2.16, which if violated will result in even more drops to 2.03. On the upside, there is a resistance level at 2.36. A further resistance level may holdings at 2.43. The Relative Strength Index (RSI) on the 14-day chart is 58.52, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 6.14%. Stochastics %K at 61.34% indicates the stock is a holding.
How much short interest is there in Cronos Group Inc?
A steep rise in short interest was recorded in Cronos Group Inc stocks on 2024-09-30, dropping by -0.13 million shares to a total of 4.98 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 5.11 million shares. There was a decline of -2.54%, which implies that there is a negative sentiment for the stock.
