Cannabis stocks retreated in light trading to recent lows. 40% of the stocks rose in price, with 2 double-digit percentage gainers and 2 double-digit percentage losers. Stocks with volume above the 30-day average fell from 40% to 35%, with one stock trading over $5mm in value. One of the ten highest dollar-volume stocks rose in price as three stocks traded above $1mm. Benzinga's 420 Marijuana Index fell 2 points to 253, matching the recent post-peak low. The index is up 59% year-to-date but down substantially from the 1010 peak in March.
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Stocks moving more than 5% on more than $500K in volume included none to the upside and Creative Edge Nutrition (FITX) to the downside.
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