Verano Holdings Corp. (OTCMKTS:VRNOF) dropped 5.8% during mid-day trading on Tuesday . The company traded as low as $11.25 and last traded at $11.29. Approximately 269,937 shares were traded during mid-day trading, The stock had previously closed at $11.98.
VRNOF has been the topic of a number of recent research reports. Canaccord Genuity raised shares of Verano to a “buy” rating in a report on Thursday, August 5th. BTIG Research assumed coverage on shares of Verano in a report on Friday, July 30th. They issued a “buy” rating and a $47.00 target price on the stock. Finally, Roth Capital assumed coverage on Verano in a report on Thursday, July 15th. They set a “buy” rating and a $16.00 price target on the stock.
The company’s 50-day simple moving average is $12.19 and its 200-day simple moving average is $14.86.
Verano Holdings Corp. operates as a vertically-integrated multi-state cannabis operator in the United States. The company produces and sells a suite of cannabis products under the portfolio of consumer brands, including Encore, Avexia, MÃV, and Verano. It designs, builds, and operates dispensaries under the Zen Leaf and MÃV retail brands that delivers a cannabis shopping experience in medical and adult-use markets.
Further Reading: What does a hold rating mean?
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