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Tuesday's Biggest Marijuana Stock Losers

August 1, 2017

 

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 roughly 0.5%. 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 Tuesday, August 1st, 2017. 

 

Cara Therapeutics Inc. (NASDAQ:CARA)

 

Shares of Cara Therapeutics dropped 6.91% in today's trading session on volume that was lighter than the company's 30-day average volume. This morning, the company announced that they have appointed a new CFO. The fact that this announcement came just two days before the company is set to report earnings put some concern into the markets. Be sure to check out Cara's marijuana stock profile linked above to view custom charts and more recent news. 

 

Related: Jim Cramer Interviews Cara Therapeutics' CEO on Mad Money

 

MassRoots Inc. (OTC:MSRT)

 

MassRoots dropped 6.36% today on volume that was lighter than the company's 30-day average volume. Today's selloff came without any recent news from the company. Be sure to check out MassRoots' marijuana stock profile in order to view a custom stock chart and more. 

 

Related: MassRoots' July Investor Deck and Shareholders' Letter

 

Scotts Miracle-Gro Company (NYSE:SMG) 

 

Last but not least, shares of Scotts Miracle-Gro fell 2.33% in today's session. Volume was more than double the company's 30-day average volume. This morning, the company released mixed results for their third fiscal quarter. Revenues increased 8% from the third quarter of last year, though sales in their U.S. consumer business came in below expectations. The company's Hawthorne Gardening division was a bright spot in their otherwise mediocre earnings release. Be sure to check out the company's marijuana stock profile linked above to view custom charts and more recent news. 

 

Related: 3 ETFs with Significant Exposure to Scotts Miracle-Gro

 

Conclusion 

 

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. Shares of Cara Therapeutics and Scotts Miracle-Gro Company can be traded commission free using the Robinhood app


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 FacebookTwitterStockTwits, and Instagram.

 

Now Read: Today's Biggest Marijuana Stock Gainers

 

D/M/O

 

Disclaimer
 

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.

 

 

 

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Disclaimer: Except for the historical information and data presented herein, matters discussed in articles on this website contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future performance or achievements expressed or implied by such coverage. Smoke Show Ventures, Inc., which owns The Daily Marijuana Observer, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. Smoke Show Ventures, Inc., which owns The Daily Marijuana Observer, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. Before making specific investment decisions, readers should seek their own professional advice and that of their own professional financial adviser. Smoke Show Ventures, Inc. or its affiliates, which owns The Daily Marijuana Observer, may be compensated for its services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two. For full disclosure please visit: https://www.dailymarijuanaobserver.com/legal-disclaimer/.