The cannabis sector gave up Friday's gains as we began a holiday-shortened week. 20% of the stocks rose in price, with 1 double-digit percentage gainer and 4 double-digit percentage losers. Stocks with volume above the 30-day average fell from 61% to 41%, with two stocks trading over $5mm in value. One of the ten highest dollar-volume stocks rose in price as three traded above $1mm. Benzinga's 420 Marijuana Index fell about 2.5 points to 138.8. 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 none to the upside and Creative Edge Nutrition (FITX) and Insys Therapeutics (INSY) to the downside.
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