Cannabis stocks bounced back after a rough decline Thursday and are now down 8.9% in May. 45% of the 40 stocks tracked here rose in price, with 4 double-digit percentage gainers and 1 double-digit percentage loser. Stocks with volume above the 30-day average fell from 28% to 23%, with two stocks trading over $5mm in value. Six of the ten highest dollar-volume stocks rose in price as four traded above $1mm. The 420 Investor Cannabis Stock Index increased from 39.08 to 39.31, reflecting a gain of 0.2% year-to-date 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 Insys Therapeutics (INSY) to the upside and none to the downside.
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