Cannabis stocks continued to correct in front of a flood of quarterly SEC filings and OTC disclosures after the close. 38% of the stocks rose in price, with four double-digit percentage gainers and 1 double-digit percentage loser. Stocks with volume above the 30-day average fell from 35% to 33%, with one stock trading over $5mm in value. Four of the ten highest dollar-volume stocks rose in price as two stocks traded above $1mm. Benzinga's 420 Marijuana Index fell 2 points to 258, a post-peak low. The index is up 62% 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) and Terra Tech (TRTC) to the upside and CannaVest (CANV) to the downside.
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