Greenlane (NASDAQ:GNLN) Upgraded to “Sell” at Wall Street Zen

Wall Street Zen upgraded shares of Greenlane (NASDAQ:GNLN) to a sell rating in a research note issued to investors on Saturday morning.

Greenlane Stock Up 43,900.0%

NASDAQ:GNLN opened at $3.08 on Friday. Greenlane has a one year low of $2.86 and a one year high of $16,350.00. The stock has a 50 day moving average price of $0.08 and a 200 day moving average price of $0.67.

Greenlane (NASDAQ:GNLN) last issued its earnings results on Thursday, May 15th. The company reported ($0.32) earnings per share (EPS) for the quarter. Greenlane had a negative return on equity of 152.22% and a negative net margin of 173.31%.

Institutional Trading of Greenlane

An institutional investor recently bought a new position in Greenlane stock. Citadel Advisors LLC purchased a new position in shares of Greenlane Holdings, Inc. (NASDAQ:GNLN) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 17,369 shares of the company’s stock, valued at approximately $29,000. Citadel Advisors LLC owned 1.30% of Greenlane at the end of the most recent quarter. Hedge funds and other institutional investors own 13.96% of the company’s stock.

About Greenlane

Greenlane Holdings, Inc develops and distributes cannabis accessories, vape solutions, and lifestyle products in the United States, Canada, and Europe. It operates in two segments, Consumer Goods and Industrial Goods. The company provides consumption accessories, vaporizers, pipes, rolling papers, grinders, and apparel lines, as well as bubblers, rigs, other smoking and vaporization related accessories, and merchandise.