Cannabis stocks began the week mixed. 35% of the stocks 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 35% to 45%, with one stock trading over $5mm in value. Four of the ten highest dollar-volume stocks rose in price as four stocks traded above $1mm. Benzinga's 420 Marijuana Index fell by about 1 points to 274, a new post-peak low. The index is up 72% year-to-date but down substantially from the 1010 peak in March.
Stocks moving more than 5% on more than $500K in volume included Hemp, Inc. (HEMP), Medical Marijuana, Inc. (MJNA), GW Pharma (GWPH) and Vape Holdings (VAPE) to the upside and MyECheck (MYEC), Cara Therapeutics (CARA) and Terra Tech (TRTC) to the downside.
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