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Greenlane Holdings Announces Barbara Sher as New COO
TipRanks (Wed, 27-Mar 6:14 AM ET)
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.
Greenlane Hldgs trades on the NASDAQ stock market under the symbol GNLN.
As of March 28, 2024, GNLN stock price was flat at $0.52 with 154,286 million shares trading.
GNLN has a beta of 0.34, meaning it tends to be less sensitive to market movements. GNLN has a correlation of 0.00 to the broad based SPY ETF.
GNLN has a market cap of $1.94 million. This is considered a Sub-Micro Cap stock.
In the last 3 years, GNLN stock traded as high as $1,280.32 and as low as $.37.
The top ETF exchange traded funds that GNLN belongs to (by Net Assets): VXF.
GNLN has underperformed the market in the last year with a return of -84.9%, while the SPY ETF gained +33.6%. In the last 3 month period, GNLN fell short of the market, returning +5.4%, while SPY returned +10.1%. However, in the most recent 2 weeks GNLN has outperformed the stock market by returning +6.5%, while SPY returned +1.7%.
GNLN support price is $.47 and resistance is $.57 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that GNLN stock will trade within this expected range on the day.