Cannabis stocks were marginally higher in pre-holiday trading. 48% of the stocks rose in price, with 3 double-digit percentage gainers and 1 double-digit percentage loser. Stocks with volume above the 30-day average remained at 33%, with one stock trading over $5mm in value. Eight of the ten highest dollar-volume stocks rose in price as three stocks traded above $1mm. Benzinga's 420 Marijuana Index rose 1 point to 252, bouncing slightly off of the recent post-peak low. The index is up 58% year-to-date but down substantially from the 1010 peak in March.
Stocks moving more than 5% on more than $500K in volume included American Green (ERBB) to the upside and none to the downside.
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