The market day has come to an end, and now it is time to go over today's biggest movers, both to the upside and to the downside. The Solactive North American Medical Marijuana Index finished today's trading down just fractionally after recovering most of its earlier losses. That being said, its important to remember that indices are intended to give an idea of the broad market performance. There were plenty of marijuana related names that finished today's trading session strongly to the up or down side. Here are five of the biggest marijuana stock gainers in trading on Tuesday, August 29, 2017.
Catalent Inc. (NYSE:CTLT)
Shares of Catalent were by far today's biggest winner, finishing Tuesday's trading up 13.89% on volume that was more than 5 times the company's 30-day average volume. After the close of trading yesterday, Catalent reported revenues and earnings that topped analyst estimates. Catalent provides services to assist pharmaceutical and biotechnology companies in getting products to market. One of their especially unique services, is that they have a permit from the DEA to import cannabis for FDA-approved clinical trials.
GrowGeneration Corp. (OTC:GRWG)
Shares of GrowGeneration rose 2.06% in today's trading session on volume that was double the company's 30-day average volume. This morning, GrowGeneration announced a strategic partnership with a manufacturer of smart cultivation lighting systems.
GW Pharmaceuticals Plc (NASDAQ:GWPH)
In Tuesday's trading, shares of GW Pharmaceuticals rose 3.73% on volume that was lighter than the company's 30-day average volume. Today's gains came without any recent news from the company. Be sure to check out the company's marijuana stock profile linked above to view a custom stock chart and more.
iAnthus Capital Holdings, Inc. (CSE:IAN)(OTC:ITHUF)(FRA:21A)
iAnthus Capital Holdings announced the company's financial results for the second quarter of 2017 after the close of trading yesterday. Total revenues in the quarter were up from the comparable quarter of last year. Despite topline growth, net losses were also higher than the company's net loss in Q2'16. Shares of iAnthus closed today's trading session up 2.22% on the CSE and up 2.79% on the OTC Markets. Find out more by visiting the company's marijuana stock profile linked above.
On the winners list for the second day in a row, shares of Stony Hill finished Tuesday's trading higher by 4.17%. Trading volume today was more than 5x the company's 30-day average trading volume. Learn more about Stony Hill by checking out their brand new marijuana stock profile linked above.
Conclusion
Find more about today's gainers by checking out their respective profiles in our global marijuana stock database via the linked tickers above. To stay up to date with important developments in the cannabis industry, be sure to subscribe to one or more of our free email newsletters. Also, connect with The Daily Marijuana Observer on Facebook, Twitter, StockTwits and Instagram!
Now Read: Today's Biggest Marijuana Stock Losers
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.
