The closing bell has rung and now it's time to take stock of the day's market action. A handful of companies from our global marijuana stock database had a tougher time in the markets today. In alphabetical order, here are 5 of the biggest marijuana stock losers in trading on Friday, July 7th, 2017.
Cara Therapeutics Inc.
Shares of Cara Therapeutics (NASDAQ:CARA) dropped 9.56% in Friday's trading. Volume today was higher than the company's 30-day average volume. The bearish action came without any recent news from the company. Learn more about Cara by checking out their marijuana stock profile linked above.
After posting strong gains yesterday, shares of MassRoots (OTC:MSRT) gave back nearly all of the gains today. MassRoots dropped 6.65% in Friday's session on lighter than average trading volume. Earlier this week, MassRoots announced that the company is acquiring Odava, Inc., a provider of compliance, point of sale and supply chain management software for the cannabis industry. MassRoots also disclosed that the Securities and Exchange Commission has informed the company of promotional activity in its stock. MassRoots clarified some misleading and incorrect statements made by the promoters and stated that the company was not involved in the promotions in question. Be sure to check out MassRoot's marijuana stock profile linked above to view a custom chart and more recent news.
Rocky Mountain High Brands Inc.
On the losers list for the second day in a row, shares of Rocky Mountain High Brands (OTC:RMHB) fell 14.75% in today's trading session. Yesterday, the company filed an 8-K documenting a change in the conversion ratio of their preferred stock. We're working on a marijuana stock profile for Rocky Mountain High Brands so check back soon or subscribe to our free email newsletter to find out when it becomes available.
Umbral Energy Corp.
Another one of yesterday's biggest winners, Umbral Energy (CSE:UMB)(OTC:UMBBF) gave some back in today's trading. On the CSE, shares of Umbral Energy fell 9.52%. The company's OTC Markets symbol dropped 16.11% on higher than average volume. Yesterday, Umbral Energy released the expansion plans of their 75% owned, late-stage ACMPR applicant, PhyeinMed. We're working on a marijuana stock profile for Umbral Energy, so check back soon or subscribe to our free Canadian licensed producer (and late stage applicant) email newsletter to find out when it becomes available.
22nd Century Group
In today's trading session, shares of 22nd Century Group (NYSE:XXII) fell 4.17% on higher than average trading volume. The bearish action today came without any recent news from 22nd Century Group. Be sure to check out 22nd Century Group's marijuana stock profile linked above to view custom charts and news regarding the company.
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. Remember, Cara Therapeutics and 22nd Century Group can be traded commission free using the Robinhood app.
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Now Read: Today's Biggest Marijuana Stock Gainers
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