Buy the dip, so they say. Scanning across our database of cannabis-related stocks today, there were a handful of companies that had a rougher trading day today.
When one of your favorite names is down on the day, don't jump to pessimistic conclusions immediately. Consider down days as a potential opportunity to scoop up shares at a discount.
Here is a brief run-down of some declining marijuana stocks in trading on Friday February 10th, 2017 (in alphabetical ticker order). As previously mentioned, these companies are all worthy of further analysis given the lower share prices presented by down trading days.
Acacia Diversified Holdings, Inc. (OTC:ACCA)
Acacia Diversified Holdings, Inc. shares finished Friday's trading session at $1.70 per share on higher volume than their 30-day average trading volume. Compared to ACCA's previous close of $1.85 per share, this represents a 8.10% loss today.
American Cannabis Company, Inc. (OTC:AMMJ)
Shares of AMMJ closed today's trading at $0.7299 per share on significantly lower volume than their 30-day average volume. Compared to American Cannabis Company's previous close of $0.748 per share, this represents a 2.42% loss today.
Weed, Inc. (OTC:BUDZ)
Shares of BUDZ closed today trading at $3.58, on lower volume than their 30-day average volume. Compared to Weed, Inc's previous close of $3.76, BUDZ stock declined 4.18% today.
Earth Science Tech. Inc. (OTC:ETST)
Shares of Earth Science Tech closed the days' trading at $2.05 per share on almost 7x their 30-day average trading volume. Compared to ETST's previous close of $2.75 per share, this represents a 25.45% loss today.
22nd Century Group, Inc. (NYSE:XXII)
22nd Century Group, Inc. shares closed the days' trading at $0.90 on significantly less volume than their 30-day average volume. Versus yesterday's close of $0.92, XXII shares ended the day down $0.02, or 1.65%. To note, XXII shares took back an considerable portion of the losses on the day heading into the close, perhaps indicating a better day on the horizon.
Conclusion
For more information and custom stock charts for any of the stocks mentioned above, be sure to check out their profiles in our cannabis-related equities database (also linked via tickers above. Connect with us on social media to keep up with Daily Marijuana Observer updates using the links below. If you aren't already subscribed, be sure to sign up for our completely free newsletter below!
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