The cannabis sector continued to bounce, ending the week almost unchanged as volume jumped again. 64% of the stocks rose in price, with 4 double-digit percentage gainers and no double-digit percentage losers. Stocks with volume above the 30-day average rose from 54% to 61%, with two stocks trading over $5mm in value. Five of the ten highest dollar-volume stocks rose in price as two traded above $1mm. Benzinga's 420 Marijuana Index rose about 3 points to 141.3. 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 Nuvilex (NVLX) and American Green (ERBB) to the upside and Medbox (MDBX) to the downside.
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