Cannabis began the week with another decline. 45% of the stocks rose in price, with two double-digit percentage gainers and 3 double-digit percentage losers. Stocks with volume above the 30-day average rose from 25% to 35%, with one stock trading over $5mm in value. Five of the ten highest dollar-volume stocks rose in price as two stocks traded above $1mm. Benzinga's 420 Marijuana Index fell 1 point to 260, a post-peak low. The index is up 64% year-to-date but down substantially from the 1010 peak in March.
Stocks moving more than 5% on more than $500K in volume included MyECheck (MYEC) and Medbox (MDBX) to the upside and mCig (MCIG) to the downside.
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