Cannabis stocks reversed yesterday's gains and are now down 8.9% in May. 44% of the 32 stocks tracked here rose in price, with 1 double-digit percentage gainer and 4 double-digit percentage losers. Stocks with volume above the 30-day average rose from 30% to 31%, with three stocks trading over $5mm in value. Six of the ten highest dollar-volume stocks rose in price as six traded above $1mm. The 420 Investor Cannabis Stock Index decreased from 39.95 to 39.29, reflecting a gain of 0.1% 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 Zynerba (ZYNE), Insys (INSY) and 22nd Century Group (XXII) to the upside and none to the downside.
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