Cannabis stocks began the quarter with mixed performance as 46% of the companies rose in price. There were 6 double-digit percentage gainers and 5 double-digit percentage losers. Volume was anemic, as stocks with volume above the 30-day average fell to 23% from 25%, with just 3 stocks trading over $5mm in value. Half of the 10 highest dollar-volume stocks fell in price.
Zoned Properties (ZDPY) bounced back from its big decline over the past two days, though volume dropped and the stock remained below the 50dma. Primco Management (PMCM) saw volume jump as it closed at its highest level YTD. Directview Holdings (DIRV) also saw volume jump as it closed above the 10dma. FusionPharm (FSPM) halted a slide that had left the stock down almost 50% from its early March levels, with volume picking up.
CannabisSativa (CBDS) had its lowest close since early January, with volume picking up. PotNetwork420.com (UTRM) gave up yesterday's gains, with volume declining. Tranzbyte (ERBB) closed below the 10dma as volume accelerated. Vapor Group (SPLI) posted its lowest close in two weeks as volume picked up.
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