Cronos Group Inc. (NASDAQ:CRON – Get Free Report) was the target of some unusual options trading on Friday. Investors acquired 4,004 put options on the company. This is an increase of 74% compared to the average volume of 2,299 put options.
Institutional Trading of Cronos Group
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC grew its holdings in Cronos Group by 140.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 13,726 shares of the company’s stock worth $28,000 after acquiring an additional 8,019 shares during the period. Thompson Davis & CO. Inc. acquired a new stake in Cronos Group during the fourth quarter worth about $29,000. SBI Securities Co. Ltd. acquired a new stake in Cronos Group during the fourth quarter worth about $30,000. Jones Financial Companies Lllp grew its holdings in Cronos Group by 64.5% during the fourth quarter. Jones Financial Companies Lllp now owns 16,623 shares of the company’s stock worth $34,000 after acquiring an additional 6,520 shares during the period. Finally, Quantbot Technologies LP acquired a new stake in Cronos Group during the third quarter worth about $37,000. 8.71% of the stock is owned by institutional investors and hedge funds.
Cronos Group Stock Performance
Shares of CRON stock opened at $1.99 on Friday. The firm has a market capitalization of $761.24 million, a PE ratio of -15.31, a P/E/G ratio of 1.74 and a beta of 0.89. Cronos Group has a fifty-two week low of $1.83 and a fifty-two week high of $3.14. The stock’s 50-day simple moving average is $1.97 and its 200-day simple moving average is $2.07.
Cronos Group Company Profile
Cronos Group Inc operates as a cannabinoid company that engages in the cultivation, production and marketing of cannabis products in Canada, Israel, and Germany. It offers dried flower, pre-rolls, oils, vaporizers, edibles, and cannabis tinctures under the Spinach, Lord Jones, and PEACE NATURALS brands.
Further Reading
- Five stocks we like better than Cronos Group
- What Are Dividend Champions? How to Invest in the Champions
- Is Myers Industries Poised for a Breakout?
- Which Wall Street Analysts are the Most Accurate?
- Is BigBear.ai’s 25% Plunge a False Alarm or Fire Sale?
- Investing in the High PE Growth Stocks
- Broadcom Confirmed Its AI Outlook: Stock to Hit New Highs Soon
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.
