The closing bell has rung and now it's time to take stock of the day's market action. In today's trading session, a few of the companies from our global marijuana stock database exhibited bearish action. In alphabetical order, here are 4 of the biggest marijuana stock losers in trading on Monday, June 12th, 2017.
Acacia Diversified Holdings Inc.
In today's trading session, shares of Acacia Diversified Holdings (OTC:ACCA) closed down 12.12% despite a lack of recent news from the company. Be sure to check out Acacia Diversified Holdings' marijuana stock profile linked above to view custom charts and news regarding the company.
Diego Pellicer Worldwide Inc.
Diego Pellicer Worldwide (OTC:DPWW) dropped 11.54% in today's session. Volume today was lower than the company's 30-day average trading volume. Today's move came without any recent news from Diego Pellicer. Be sure to check out their marijuana stock profile linked above to view custom charts and news regarding the company.
Insys Therapeutics Inc.
Insys Therapeutics (NASDAQ:INSY) closed Monday's trading down 4.62%. Although not related to its cannabinoid drug development projects, Insys is getting hit on controversy regarding its Syndros opioid pain medication and an FDA request that one of its competitors in the opioid space remove a product from the market. Be sure to check out Insys' marijuana stock profile linked above to view a custom chart and news regarding the company.
Zynerba Pharmaceuticals Inc.
Shares of Zynerba Pharmaceuticals (NASDAQ:ZYNE) fell 8.74% in today's session. Trading volume today was higher than the company's 30-day average volume. After the close Friday, Zynerba announced that the company has entered into an agreement with Jefferies to issue and sell up to $50.0 million worth of common stock. This arrangement, like any other stock offering is dilutionary to exisiting shareholders, perhaps explaining the bearish market action in Zynerba today. Learn more about this cannabinoid biotech company by checking out their marijuana stock profile linked above.
To learn more about any of today's marijuana stock losers, check out their profile in our marijuana stock database via the linked tickers above. Also, be sure to subscribe to one or more of our free email newsletters so you never miss an important update. If you haven't already, connect with The Daily Marijuana Observer on Facebook, Twitter and Instagram.
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