Looking across our universe of marijuana stocks today, there were a handful of cannabis stocks that lagged in today's market session.
As we often remind readers, losing sessions can provide investors with the opportunity to get in a name they like at a potentially better price.
Here is a quick analysis of some marijuana stocks that sold off Tuesday, February 7th
2017 (in alphabetical order by symbol).
Acology, Inc. shares reversed yesterday's gains, closing today's session at $0.02335 down 22.17%. Trading volume in ACOL today was almost two times their 30-day average volume of 27.8 million shares.
Freedom Leaf, Inc. (OTC:FRLF)
Shares of FRLF closed Tuesday's trading at $0.0789 per share on volume well above their 30-day average volume! Compared to Freedom Leaf's previous close of $0.105
per share, this represents a 24.86% decline on the day.
Nhale, Inc. (OTC:NHLE)
Shares of Nhale Inc. finished today's trading session at $0.106 from their previous close of $0.12, down 11.67%. With 502,000 shares traded on the OTC markets today, the trading volume in NHLE today was significantly higher than their 30-day average volume.
OWC Pharmaceutical Research Corp. (OTC:OWCP)
Shares of OWCP closed today's trading at $0.61 per share on less volume than their
30-day average. Compared to OWC Pharmaceutical's previous close of $0.669 per share, this represents a huge 8.82% loss today.
Singlepoint, Inc. (OTC:SING)
Shares of Singlepoint, Inc.closed today's trading at $0.046, down 13.20% from the previous day's close of $0.053. This downward move happened on higher
volume than their 30-day average trading volume of 8.7 million shares.
Conclusion
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