The Daily Dab: A Quick Hit On Cannabis Stocks 02/12/14
The cannabis sector reversed its recent tailspin, but volume was significantly below recent levels. There were 9 double-digit percentage gainers and just 1 double-digit percentage loser. The majority of the stocks rallied, but only 15% of the stocks had volume above the 30-day average, with just 5 stocks trading over $5mm in value.
IMD Companies (ICBU) led the way, though volume fell. FusionPharm (FSPM) closed near the high of the day, with volume expanding. Thinly-traded CannaVest (CANV) advanced on increased volume as well.
PharmaJanes (AEGY) gave up a lot of the prior day’s gains as volume declined. Creative Edge Nutrition (FITX) traded in excess of $10mm of volume, also giving up some recent gains. GW Pharma (GWPH),which declined marginally, was the second most active stock at $12mm.
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Source: http://ab.typepad.com/ab_analytical_services/2014/02/the-daily-dab-a-quick-hit-on-cannabis-stocks-021214.html
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