The closing bell has rung and now it's time to take stock of the day's market action. As measured by the Solactive North American Medical Marijuana Index, cannabis stocks broadly posted fractional losses on the day. Though losses broadly were slight, a handful of companies from our global marijuana stock database had a tougher time in today's trading session. In alphabetical order, here are 5 of the biggest marijuana stock losers in trading on Tuesday, July 25th, 2017.
Insys Therapeutics Inc. (NASDAQ:INSY)
Insys Therapeutics is having a tough time catching a bid given continued concern relating to the company's opioid product, Subsys. Shares of Insys fell 2.63% in today's session on volume that was higher than the company's 30-day average volume. The company's dronabinol (synthetic THC) product candidate, Syndros is nearing commercialization, and when it does reach pharmacy shelves, perhaps the market will see the "light at the end of the tunnel". In the meantime, fear relating to Subsys dominates the investment dialogue around Insys. Learn more about Insys by checking out the company's marijuana stock profile linked above.
After falling in yesterday's trading session, shares of Surnadropped another 4.48% in today's session. Trading volume was lighter than the company's 30-day average volume. Learn more about Surna by checking out the company's marijuana stock profile linked above.
Shares of 22nd Century Group had a tough time in trading once again today. XXII closed down 6.80% on volume that was more than double the company's 30-day average volume. Like yesterday, today's selloff came without any recent news from the company. Be sure to put today's move into perspective by checking out a custom stock chart in 22nd Century's marijuana stock profile linked above.
Shares of Zynerba Pharmaceuticals finished today's trading session near the low of the day, down 7.15%. Volume today was higher than the company's 30-day average volume. Learn more about Zynerba by checking out the company's marijuana stock profile linked above.
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