Cannabis stocks rallied, closing out the first winning month since October and only the second since October 2014. 50% of the 36 stocks tracked here rose in price, with 3 double-digit percentage gainers and 2 double-digit percentage losers. Stocks with volume above the 30-day average rose from 31% to 33%, with three stocks trading over $5mm in value. Three of the ten highest dollar-volume stocks rose in price as three traded above $1mm. The 420 Investor Marijuana Index increased from 34.13 to 34.58, reflecting a decline of 11.9% in 2016. The index began 2013 at 100, 2014 at 159.1, 2015 at 130.7, and 2016 at 39.25.
Stocks moving more than 5% on more than $500k in volume included none to the upside and Ligand Pharma (LGND) to the downside.
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