Cronos Group (NASDAQ:CRON) Trading 7.8% Higher – Here’s What Happened

Posted by Casey Walker on Mar 2nd, 2025

Cronos Group Inc. (NASDAQ:CRON – Get Free Report)’s share price shot up 7.8% on Thursday . The stock traded as high as $2.00 and last traded at $2.00. 1,626,609 shares traded hands during mid-day trading, a decline of 6% from the average session volume of 1,730,593 shares. The stock had previously closed at $1.85.

Cronos Group Stock Performance

The company has a 50 day moving average of $1.97 and a two-hundred day moving average of $2.09. The stock has a market cap of $784.19 million, a PE ratio of -15.77, a price-to-earnings-growth ratio of 1.74 and a beta of 0.97.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Barclays PLC acquired a new stake in shares of Cronos Group in the third quarter valued at $97,000. Janney Montgomery Scott LLC increased its holdings in Cronos Group by 72.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 380,575 shares of the company’s stock valued at $769,000 after buying an additional 159,575 shares during the last quarter. International Assets Investment Management LLC increased its holdings in Cronos Group by 119.0% in the third quarter. International Assets Investment Management LLC now owns 41,643 shares of the company’s stock valued at $91,000 after buying an additional 22,628 shares during the last quarter. SeaCrest Wealth Management LLC increased its holdings in Cronos Group by 77.3% in the fourth quarter. SeaCrest Wealth Management LLC now owns 189,245 shares of the company’s stock valued at $382,000 after buying an additional 82,500 shares during the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of Cronos Group during the third quarter worth about $140,000. 8.71% of the stock is currently owned by institutional investors and hedge funds.

Cronos Group Company Profile

(Get Free Report)

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.