It was a different kind of day for cannabis stocks, with volume lifting and several substantial gainers. While only 41% of the stocks rose in price, there were 6 double-digit percentage gainers and just 1 double-digit percentage loser. Stocks with volume above the 30-day average rose from 51% to 54%, with two stocks trading over $5mm in value. Four of the ten highest dollar-volume stocks rose in price as three traded above $1mm. Benzinga's 420 Marijuana Index rose about 4 points to 138.4. The index is down 13% year-to-date and down substantially from the 1010 peak in March.
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Stocks moving more than 5% on more than $500k in volume included Medbox (MDBX), Insys Therapeutics (INSY) and Terra Tech (TRTC) to the upside and Creative Edge Nutrition (FITX) to the downside.
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