The market session has come to an end, and the closing bell has rung... so now it is time to go through today's biggest movers to the downside. Out of over 200+ marijuana stocks, here are 5 of the biggest marijuana stock losers in trading on Wednesday, October 18th including Axim Biotechnologies (OTC:AXIM) and more...
Axim Biotechnologies, Inc. (OTC:AXIM)
Shares of Axim Biotechnologies, Inc. dropped 6.57% today on lower than average trading volume, closing the day at $6.68 per share. Shares of the company have been dropping since an article was published on Seeking Alpha making the case that AXIM's recent patent "does not offer value to investors."
MassRoots, Inc. (OTC:MSRT)
Shares of MassRoots, Inc. dropped 6.21% today on higher than average trading volume, closing the day at $0.272 per share. It was just recently announced that the company's board ousted the former CEO and founder of MassRoots, Isaac Dietrich.
MJ Holdings, Inc. (OTC:MJNE)
Shares of MJ Holdings, Inc. dropped 8.00% today on lower than average trading volume, closing the day at $0.92 per share. There hasn't been any recent news regarding MJNE for quite some time now despite steady daily trading volume.
Northsight Capital, Inc. (OTC:NCAP)
Shares of Northsight Capital, Inc. dropped 16.94% today on lower than average trading volume, closing the day at $0.0515 per share. There hasn't been any recent news regarding NCAP for quite some time now despite steady daily trading volume.
OWC Pharmaceutical Research Corp. (OTC:OWCP)
Shares of OWC Pharmaceutical Research Corp. dropped 6.35% today on lower than average trading volume, closing the day at $0.382 per share. We've been watching the company ever since we noticed an unusual 8-K in mid-September.
Find more about today's losers 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!
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