Greenlane (NASDAQ:GNLN) Sets New 52-Week Low at $9.14

Greenlane Holdings (NASDAQ:GNLN) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $9.14 and last traded at $9.32, with a volume of 980 shares trading hands. The stock had previously closed at $9.32.

GNLN has been the subject of several recent research reports. Northland Securities initiated coverage on shares of Greenlane in a research note on Monday, May 13th. They set an “outperform” rating and a $23.00 target price for the company. Roth Capital initiated coverage on shares of Greenlane in a research note on Tuesday, May 14th. They set a “buy” rating and a $22.50 target price for the company. Cowen initiated coverage on shares of Greenlane in a research note on Monday, May 13th. They set an “outperform” rating and a $21.00 target price for the company. Canaccord Genuity initiated coverage on shares of Greenlane in a research note on Monday, May 13th. They set a “speculative buy” rating and a $22.00 target price for the company. Finally, LADENBURG THALM/SH SH initiated coverage on shares of Greenlane in a research note on Monday, May 13th. They set a “buy” rating and a $22.00 target price for the company. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $22.10.

The company has a 50 day moving average price of $14.53.

In related news, COO Jay M. Scheiner sold 5,237 shares of the firm’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $15.81, for a total value of $82,796.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Sasha Kadey sold 11,639 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $15.81, for a total transaction of $184,012.59. The disclosure for this sale can be found here. Insiders have sold 1,045,543 shares of company stock valued at $16,530,035 in the last quarter.

Greenlane Company Profile (NASDAQ:GNLN)

Greenlane Holdings, Inc distribute consumption accessories and vaporization products to wholesale and retail customers in the United States and Canada. The company offers vaporizers and parts, cleaning products, grinders and storage containers, pipes, rolling papers, and customized lines of specialty packaging.

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