Cronos Group Inc. (NASDAQ:CRON - Get Free Report) was the recipient of unusually large options trading activity on Friday. Stock traders bought 4,004 put options on the stock. This is an increase of 74% compared to the typical volume of 2,299 put options.
Institutional Trading of Cronos Group
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Tidal Investments LLC grew its stake in Cronos Group by 4.4% in the 3rd quarter. Tidal Investments LLC now owns 5,026,489 shares of the company's stock worth $11,008,000 after acquiring an additional 210,263 shares during the period. Dimensional Fund Advisors LP grew its stake in Cronos Group by 5.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,753,055 shares of the company's stock worth $5,561,000 after acquiring an additional 132,536 shares during the period. Cannell Capital LLC purchased a new stake in shares of Cronos Group during the 4th quarter valued at $3,323,000. Millennium Management LLC grew its stake in shares of Cronos Group by 23.7% during the 4th quarter. Millennium Management LLC now owns 840,374 shares of the company's stock valued at $1,698,000 after buying an additional 161,163 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of Cronos Group by 6.4% during the 4th quarter. Geode Capital Management LLC now owns 546,700 shares of the company's stock valued at $1,104,000 after buying an additional 33,121 shares during the period. 8.71% of the stock is owned by hedge funds and other institutional investors.
Cronos Group Price Performance
CRON stock traded down $0.02 during midday trading on Friday, hitting $1.99. The stock had a trading volume of 1,040,496 shares, compared to its average volume of 1,730,089. The firm has a market cap of $761.24 million, a PE ratio of -15.31, a price-to-earnings-growth ratio of 1.74 and a beta of 0.89. Cronos Group has a 12-month low of $1.83 and a 12-month high of $3.14. The company's 50-day moving average price is $1.97 and its 200 day moving average price is $2.07.
About Cronos Group
(
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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.
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