Cronos Group Inc. (NASDAQ:CRON – Get Rating) Director Jason Marc Adler acquired 81,000 shares of the firm’s stock in a transaction on Thursday, November 17th. The stock was bought at an average price of $2.94 per share, for a total transaction of $238,140.00. Following the completion of the acquisition, the director now owns 372,296 shares of the company’s stock, valued at $1,094,550.24. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Cronos Group Stock Down 0.6 %
CRON opened at $3.10 on Tuesday. Cronos Group Inc. has a twelve month low of $2.57 and a twelve month high of $4.92. The company has a 50-day simple moving average of $2.97 and a 200 day simple moving average of $3.03. The stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of -5.17 and a beta of 1.55.
Wall Street Analysts Forecast Growth
CRON has been the topic of several research reports. Canaccord Genuity Group upgraded shares of Cronos Group from a “hold” rating to a “buy” rating in a report on Thursday, July 28th. Canaccord Genuity Group reduced their target price on shares of Cronos Group from C$5.00 to C$4.75 in a research report on Tuesday, November 8th. Barclays reduced their target price on shares of Cronos Group from $5.00 to $3.50 and set an “equal weight” rating for the company in a research report on Friday, September 30th. Sanford C. Bernstein started coverage on shares of Cronos Group in a research report on Tuesday, November 1st. They issued a “market perform” rating and a $3.00 target price for the company. Finally, Raymond James reissued a “buy” rating and issued a $7.00 target price on shares of Cronos Group in a research report on Friday, July 29th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $4.09.
Institutional Investors Weigh In On Cronos Group
Cronos Group Company Profile
Cronos Group Inc operates as a cannabinoid company. It manufactures, markets, and distributes hemp-derived supplements and cosmetic products through e-commerce, retail, and hospitality partner channels under the Lord Jones and Happy Dance brands in the United States. The company is also involved in the cultivation, manufacture, and marketing of cannabis and cannabis-derived products for the medical and adult-use markets.
- Get a free copy of the StockNews.com research report on Cronos Group (CRON)
- Three Ways To Win The Online Gambling Industry
- Santa Claus Rally? Here’s What Needs to Happen
- Will the Return of Bob Iger Return the Magic to Disney Stock?
- Is Ardelyx is A Buy After Slip in Early 2022
- Is Tesla A Bargain Now As It Trades At Two-Year Lows?
Receive News & Ratings for Cronos Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cronos Group and related companies with MarketBeat.com's FREE daily email newsletter.