Cannabis stocks continued their explosive rally and are now up 23.5% in April. The market has rallied 63% from the lows in mid-February. 75% of the 40 stocks tracked here rose in price, with 12 double-digit percentage gainers and no double-digit percentage losers. Stocks with volume above the 30-day average rose from 35% to 68%, with four stocks trading over $5mm in value. All ten of the ten highest dollar-volume stocks rose in price as eight traded above $1mm. The 420 Investor Marijuana Index increased from 46.07 to 51.11, reflecting a gain of 30.2% 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 Greengro Technologies (GRNH), Rocky Mountain High Brands (RMHB), General Cannabis (CANN), Terra Tech (TRTC), Cannabis Science (CBIS), CV Sciences (CANV), 22nd Century (XXII) and Insys (INSY) to the upside and none 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!
Comments