Cannabis stocks began the month with a little bounce. 42% of the stocks rose in price, with 7 double-digit percentage gainers and 2 double-digit percentage losers. Stocks with volume above the 30-day average fell from 34% to 26%, with one stock trading over $5mm in value. Four of the ten highest dollar-volume stocks rose in price as three stocks traded above $1mm. Benzinga's 420 Marijuana Index rose by about 3 points from its post-peak low to 296. The index is up 86% year-to-date but down substantially from the 1010 peak in March.
Stocks moving more than 5% on more than $500K in volume included Creative Edge Nutrition (FITX) to the upside and American Green (ERBB) and Cara Therapeutics (CARA) to the downside.
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