Cannabis stocks continued to fall along with the broad market and are now down 12.6% in June. 28% of the 32 stocks tracked here rose in price, with two double-digit percentage gainers and two double-digit percentage losers. Stocks with volume above the 30-day average fell from 72% to 56%, with three stocks trading over $5mm in value. Five of the ten highest dollar-volume stocks rose in price as three traded above $1mm. The 420 Investor Cannabis Stock Index decreased from 33.91 to 33.29, reflecting a change of -15.2% 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 GW Pharma (GWPH) to the upside and Insys (INSY) and Zynerba (ZYNE) to the downside.
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