Although Canadian equity markets were closed today in observance of a Bank Holiday, and U.S markets (with the notable exception of Zynerba) remained relatively quiet in today's session, a handful of companies from our global marijuana stock database had a tough time in today's session. In alphabetical order, here are 3 marijuana-related stocks that exhibited bearish action in trading on Monday, August 7th, 2017.
Cara Therapeutics Inc. (NASDAQ:CARA)
After gaining more than 20% in Friday's trading session, shares of Cara Therapeutics gave some back in today's session, falling 8.63% on volume that was lighter than the company's 30-day average volume. Be sure to check out Cara's marijuana stock profile linked above to check out a custom stock chart and more recent news.
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mCig Inc. (OTC:MCIG)
Shares of mCig lost 8.30% in today's trading session. Trading volume today was significantly higher than the company's 30-day average volume. This bearish action came without any recent news from the company. Learn more about mCig by checking out the company's marijuana stock profile linked above.
Related: mCig Expands Cannabis Supply Division to California
Zynerba Pharmaceuticals Inc. (NASDAQ:ZYNE)
On a 'failed' clinical trial of their CBD gel for the treatment of focal seizures in adults, shares of Zynerba Pharmaceuticals plunged 55.71% in today's session. Trading volume today was more than 15x the company's 30-day average volume. Be sure to check out Zynerba's marijuana stock profile linked above to view a custom stock chart (even though you probably already have a concept of what it looks like) and more recent news.
Related: Zynerba Shares Plunge 50% On Clinical Trial Data
Conclusion
Find more about today's losers by checking out their respective profiles in our global marijuana stock database via the linked tickers above.
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