Cannabis stocks limped into month-end but, despite another decline, ended up 4.2% higher in April. 18% of the 40 stocks tracked here rose in price, with 3 double-digit percentage gainers and 1 double-digit percentage loser. Stocks with volume above the 30-day average rose from 20% to 23%, with three stocks trading over $5mm in value. Two of the ten highest dollar-volume stocks rose in price as five traded above $1mm. The 420 Investor Cannabis Stock Index decreased from 43.88 to 43.15, reflecting a gain of 9.9% year-to-date in 2016. The index began 2013 at 100, 2014 at 159.1, 2015 at 130.7, and 2016 at 39.25.
Stocks moving more than 5% on more than $500k in volume included none to the upside and Zynerba (ZYNE) and Terra Tech (TRTC) to the downside.
Press Releases:
Interested in Cannabis Stocks?
Learn about the risks and opportunities
Download Your Free Copy
The Daily Dab is brought to you by 420 Investor, a large community of investors seeking to capitalize on cannabis. For just a little over a dollar a day on an annual subscription ($420, or $42 per month), you can get all of the benefits of being a part of 420 Investor, including analysis, alerts, trade recommendations, chat, forums and video updates. Want a quick way to stay on top of the sector? The monthly 420 Investor Newsletter will keep you informed for just $99 per year. Find out why 420 Investors are addicted to the service. To learn more about the sector, download your free guide.
Check us out on Facebook too!