Cannabis stocks fell for the fourth straight day, posting a new closing low for 2015. 33% of the stocks tracked here rose in price, with 2 double-digit percentage gainers and 6 double-digit percentage losers. Stocks with volume above the 30-day average rose from 28% to 35%, with two stocks trading over $5mm in value. One of the ten highest dollar-volume stocks rose in price as three traded above $1mm. Benzinga's 420 Marijuana Index is estimated to have decreased 2.8 points to 91.8, reflecting a decrease of 29.8% so far in 2015. The index began 2013 at 100, 2014 at 159, and 2015 at 130.7, and it peaked last March at 1010 after bottoming in August 2013 near 70.
Stocks moving more than 5% on more than $500k in volume included none to the upside and Medican (MDCND), Totally Hemp Crazy (THCZ), 22nd Century Group (XXII), Insys Therapeutics (INSY) and GW Pharma (GWPH) to the downside.
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Note: The mention of any stock in this blog is in no way an investment recommendation