Greenlane (NASDAQ:GNLN) Shares Down 4.3% – Here’s What Happened

Greenlane Holdings, Inc. (NASDAQ:GNLN) shares fell 4.3% on Tuesday . The stock traded as low as $0.51 and last traded at $0.54. 238,191 shares traded hands during trading, a decline of 67% from the average session volume of 728,667 shares. The stock had previously closed at $0.56.

Greenlane Trading Down 4.3 %

The stock’s 50-day moving average is $1.22 and its two-hundred day moving average is $2.59.

Hedge Funds Weigh In On Greenlane

An institutional investor recently bought a new position in Greenlane stock. Citadel Advisors LLC bought a new stake in Greenlane Holdings, Inc. (NASDAQ:GNLN) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 17,369 shares of the company’s stock, valued at approximately $29,000. Citadel Advisors LLC owned 1.30% of Greenlane as of its most recent filing with the Securities & Exchange Commission. 13.96% of the stock is currently owned by institutional investors.

Greenlane Company Profile

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.