Cannabis Central: Sector Increased 3% On Wednesday For 5th Consecutive Day
The total cannabis sector of 319 stocks increased 3.0% on Wednesday only slightly less than the +3.4% increases in both the NYSE and the S&P 500 while the Non-penny Pot Stock Index (NPSI) advanced 3.1%. 23 of the 33 eligible constituent stocks in the NPSI went up, 2 remained unchanged and the remaining 8 went down in price. The details are as follows:
The 12 Non-penny Cannabis Stocks That Increased 5.5% Or More
- Neptune (NEPT) +12.1%
- Akerna (KERN) +11.8%
- Abacus (ABAHF) +11.6%
- GrowGeneration (GRWG) +11.1%
- Tilray (TLRY) +9.6%
- Zynerba (ZYNE) +8.4%
- Cronos (CRON) +8.0%
- Village Farms (VFF) +8.0%
- GW Pharma (GWPH) +6.5%
- OrganiGram (OGI) +6.4%
- Rubicon Organics (ROMJF) +6.4%
- Alcanna (LQSIF) +6.0%
- Pyxus (PYX) +5.9%
- Cresco (CRLBF) +5.5%
- Cara (LQSIFCARAOGI) +5.5%
The 3 Non-penny Cannabis Stocks That Declined More Than 3%
In the introduction to this article, I mentioned that there were 33 stocks in the NPSI and I have analyzed the performance of 18 of them above. Of the remaining 15 stocks in the NPSI, 9 went up or remained unchanged in price and 6 declined, with changes in price ranging from +5.5% to -0.6%.
In addition, there are 2 high profile stocks that, while they trade below US$1/share (and, as such, are not eligible for inclusion in the NPSI), their performances are worthy of mention, namely, Aurora (ACB) +6.3% and Hexo (HEXO) -24.6%.
For the record, as of today, the NPSI consisted of:
- 2 pot stocks trade above US$20/share,
- 2 trade between US$10 and US$20/share,
- 7 trade between US$5 and US$10/share and
- 22 trade between US$1 and US$5/share.
In addition, the market capitalization makeup of the NPSI, calculated by multiplying the number of a company's shares outstanding by its stock price per share, is as follows:
- Large-Cap (+US$10B): 0
- Mid-Cap (US$2B to US$10B): 3
- Small-Cap (US$300M to US$2B): 11
- Micro-Cap (US$50M to US$300M): 14
- Nano-Cap (Less than US$50M): 5
To see how the above stocks, and the others that make up the balance of the new Non-penny Pot Stock Index (NPSI), have done on a daily basis over the last 3 weeks, visit my previous articles here.
This article may discuss small-, micro- and nano-cap stocks so do your own careful due diligence. Visit more