MJ stocks were weak for the third straight day, with 65% of the group declining. There were 7 double-digit percentage gainers and 8 double-digit percentage losers. Stocks with volume above the 30-day average rose to 37%, with 6 stocks trading over $5mm in value. 8 of the 10 highest dollar-volume stocks declined.
Anything Tech Media (EXMT), which has a large stake in IMD Companies (ICBU), surged to a new high on the second highest volume of the year. Rapid Fire Marketing (RFMK) kept firing higher following the announcement yesterday of the uplisting. Tranzbyte (ERBB) bolted higher following a press release. Vapor Group (SPLI) posted a new closing high as volume contracted.
CannaBusiness Group kept plunging, now down 57% from the peak on Tuesday, with volume picking up from the prior day. The company shared a presentation discussing a $5mm capital raise. Mentor Capital (MNTR) also continued its descent, now down 59% from its peak last week following the Bhang Chocolate deal. Advanced Cannabis Solutions (CANN) fell to its lowest levels of the month as volume jumped. Terra Tech (TRTC) almost completely filled a gap it had left behind as volume picked up, with shareholders perhaps reacting to some small insider sales. The stock has retraced over half of its gains this month.
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