Cannabis Central: Sector Declined 2.9% On Monday With Hexo & Tilray Each Declining 28%
The non-penny pot stocks followed up the 3.0% decline on Friday with a 2.9% decline on Monday with 10 advancing and 27 declining. Leading the losers were Hexo (-28.1%), Tilray (-27.4%) and MediPharm (-17.7%).
Today's article identifies the 5 non-penny stocks in the sector that increased by a minimum of 5% (5 others also increased in price) and the 6 of the 27 non-penny (i.e. stocks trading above $1/share) that declined in excess of 5%. (Source of data)
The Big Winners
- Pyxus (PYX) +8.1%
- Alcanna (LQSIF) +6.2%
- Corbus (CRBP) +6.0%
- Cara (CARA) +5.2%
- Harvest Health (HRVSF) +4.8%
The remaining 5 stocks that went up in price on Monday were, in descending order: Cronos (CRON), Trulieve (TCNNF), Canopy (CGC), Cresco (CRLBF) and Innovative Properties (IIPR).
The Biggest Losers were:
- Hexo (HEXO) -28.1%
- Tilray (TLRY) -27.4%
- MediPharm (LABS) -17.7%
- Aurora (ACB) -11.6%
- Planet 13 (PLNHF) -9.8%
- Akerna (KERN) - 6.2%
The remaining 21 such stocks declined between -4.6% and -2.9%.
A picture is worth a thousand words. Below is Monday's pot stock sector heat map. (Click on image to enlarge)
To learn how the above marijuana stocks performed on Friday please read this exclusive article as posted on TalkMarkets over the weekend.
This article may discuss small-, micro- and nano-cap stocks so do your own careful due diligence. Visit more
Why compare $PYX to a bunch of start up cannabis companies? #Pyxus is in its own league.
I could.t agree with you more but Pyxus, Indusdtrial Properties and GW Pharma and other relatively large cap companies are considered to be cannabis-related and as such are included in cannabis stock analyses.