Cannabis stocks declined modestly again in very thin trading. 38% of the stocks rose in price, with 3 double-digit percentage gainers and 6 double-digit percentage losers. Stocks with volume above the 30-day average fell from 32% to 28%, with one stock trading over $5mm in value. Four of the ten highest dollar-volume stocks rose in price as just one stock traded above $1mm. Benzinga's 420 Marijuana Index fell from 301 to 300, a new post-peak low. The index is up 89% year-to-date but down substantially from the 1010 peak in March.
Stocks moving more than 5% on more than $500K in volume included Medbox (MDBX) to the upside and MyECheck (MYEC) to the downside.
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