Greenlane Holdings stock (NASDAQ: GNLN) surged 100% on June 13, closing at $0.015 USD, up from the previous close of $0.0077 USD. This massive intraday rally has drawn major attention from penny stock traders, but the pre-market drop of -22.73% raises questions about the stock’s sustainability.
If you’re wondering whether to invest in Greenlane Holdings stock today, this article breaks down the key data, risks, and opportunities.
Greenlane Holdings Stock Performance – June 13, 2025
Open: $0.015
High: $0.017
Low: $0.011
Close: $0.015
Previous Close: $0.0077
Pre-Market: $0.012 (down -0.0035 / -22.73%)
Greenlane stock exploded during trading hours but is seeing significant weakness pre-market, which suggests the rally might not hold up.
Key Stock Metrics & Valuation
Market Cap: ₹1.23 Crore
P/E Ratio: Not available (likely due to losses or minimal earnings)
Dividend Yield: None
52-Week High: $21.80
52-Week Low: $0.0051
The huge gap between the 52-week high and current price suggests extreme volatility. Investors must treat this stock as high-risk, high-reward.
Greenlane Stock Technical Analysis
Current Trend: Volatile
Volume: Likely very high (not shown in chart but implied by price jump)
Support Level: $0.011
Resistance Zone: $0.017
The stock attempted to break above $0.017 but failed to hold, which makes it a near-term resistance. Sustaining above this level could open the door for more gains.
Is Greenlane Stock a Buy Today?
Potential Reasons to Consider Buying:
Penny stock with massive intraday momentum.
Extremely low price makes it attractive for speculative trades.
Possible news, catalyst, or retail hype (needs confirmation).
Reasons to Be Cautious:
Pre-market decline shows profit-taking and volatility.
No earnings (P/E ratio not listed).
Thin liquidity can lead to rapid price swings.
Micro-cap stocks like this are prone to pump-and-dump risks.
What Traders Should Watch
Pre-Market Volume: Declining prices suggest short-term exhaustion.
News or Announcements: Any filings, reverse splits, or financial updates.
Support Stability: Holding above $0.011 is crucial. A break could trigger a sell-off.
Resistance Reaction: Reclaiming $0.017 with volume is the key for further upside.
Final Verdict: Should You Invest in Greenlane Stock Today?
Greenlane Holdings stock delivered a dramatic 100% surge, but the pre-market plunge indicates that traders are locking in profits. This stock is best suited for high-risk, short-term traders looking to capitalize on volatility. Long-term investors should avoid until fundamentals improve or stability is proven.
Invest only what you can afford to lose and consider using stop-loss orders to protect your downside.
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