Cannabis stocks edged lower and are now down 9.3% in May. 45% of the 31 stocks tracked here rose in price, with 2 double-digit percentage gainers and 4 double-digit percentage losers. Stocks with volume above the 30-day average rose from 31% to 32%, with three stocks trading over $5mm in value. Five of the ten highest dollar-volume stocks rose in price as six traded above $1mm. The 420 Investor Cannabis Stock Index decreased from 39.29 to 39.14, reflecting a change of -0.3% 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 (INSY) to the upside and none to the downside.
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