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Cannabis stocks began the week with a modest decline. 32% of the stocks rose in price, with 2 double-digit percentage gainers and 6 double-digit percentage losers. Stocks with volume above the 30-day average rose from 24% to 32%, with one stock trading over $5mm in value. Three of the ten highest dollar-volume stocks rose in price as four stocks traded above $1mm. Benzinga's 420 Marijuana Index fell from 327 to 323, a new post-peak low. The index is up 103% year-to-date but down substantially from the 1010 peak in March.
Stocks moving more than 5% on more than $500K in volume included Nuvilex (NVLX) to the upside and MyECheck (MYEC) and Medbox (MDBX) to the downside.
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