Greenlane (NASDAQ:GNLN) Trading Up 3.3% – What’s Next?

Shares of Greenlane Holdings, Inc. (NASDAQ:GNLN) were up 3.3% during mid-day trading on Wednesday . The stock traded as high as $0.30 and last traded at $0.30. Approximately 140,508 shares changed hands during mid-day trading, a decline of 81% from the average daily volume of 754,136 shares. The stock had previously closed at $0.29.

Greenlane Stock Performance

The stock has a 50-day moving average of $0.81 and a 200-day moving average of $2.06.

Institutional Inflows and Outflows

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 4th quarter, according to its most recent Form 13F filing with the SEC. The firm 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 SEC filing. 13.96% of the stock is currently owned by hedge funds and other 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.