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 closed down more than 1.5% in today's trading session due to losses in the big cannabinoid biotech names. A few stocks from our global marijuana stock database did even worse than the index posting notable losses on the day. In alphabetical order, here are 3 of the biggest marijuana stock losers in trading on Monday, July 31st, 2017.
GW Pharmaceuticals Plc (NASDAQ:GWPH)
In today's trading session, shares of GW Pharmaceuticals fell 4.63% on higher than average volume. This bearish action came without any recent news from the company. Learn more about GW Pharmaceuticals by checking out the company's marijuana stock profile linked above.
Related: Mark Your Calendars - GWPH's Upcoming Earnings Announcement
Intec Pharma Ltd. (TASE:NTEC)(NASDAQ:NTEC)
Shares of Intec Pharma dropped 2.68% in today's trading session on volume that was lighter than the company's 30-day average volume. Once again, today's bearish action came without any recent news from the company. Be sure to check out Intec Pharma's marijuana stock profile linked above to view a custom stock chart and news regarding the company.
Related: Intec Pharma Promotes 11 Year Company Veteran to COO
Zynerba Pharmaceuticals Inc. (NASDAQ:ZYNE)
Zynerba did the worse of all of the cannabinoid biotech names in today's trading session, falling 10.87% on volume that was more than double its 30-day average trading volume. Once again, today's move came without any recent news from the company. Learn more about Zynerba by checking out their marijuana stock profile linked above.
Related: Zynerba Pharmaceutical's New Investor Presentation
To learn more about any of today's marijuana stock losers, check out their profile in our global marijuana stock database via the linked tickers above. All three of today's biggest losers can be traded commission free using the Robinhood app. It might be worth doing some additional research to see if you think today's losses might present an opportunity to get shares of today's losers 'on sale'.
Also, be sure to subscribe to one or more of our free email newsletters so you never miss an important update. Don’t forget to connect with The Daily Marijuana Observer on social media via Facebook, Twitter, StockTwits, and Instagram.
Now Read: Today's Biggest Marijuana Stock Gainers
Investing in nanocap, microcap, and small cap stocks is highly speculative. The publishers of DailyMarijuanaObserver.com are not registered as Investment Advisors or Broker-Dealers in any jurisdiction whatsoever. The information contained on DailyMarijuanaObserver.com (“this site”) has been prepared solely for informational purposes. Nothing on the site is an offer or solicitation to buy or sell securities. Investors should seek financial advice regarding the appropriateness of investing in any securities mentioned from their financial advisor.