These 35 Cannabis Stocks Fell at Least 10% in May
Marijuana Industry News June 5, 2019 MJ Shareholders 0
Throughout most of 2019, marijuana stocks have been virtually unstoppable. In the first quarter alone, the first-ever cannabis exchange-traded fund, the Horizons Marijuana Life Sciences ETF, advanced by more than 50%, with 14 prominent pot stocks gaining at least 70% through March. Although gains slowed a bit in April, most cannabis stocks were still handily outperforming the broader market entering May.
However, pot stock investors’ returns began going up in smoke last month. The Horizons Marijuana Life Sciences ETF shed more than 13% of its value. What’s more, of the 56 marijuana stocks that I regularly follow, 47 of them ended the month lower, with just four of the nine gainers ending the month with an increase of at least 6%.
Most pot stocks fell by a double-digit percentage in May
On the other end of the spectrum, 35 of the 47 decliners ended the month lower by a double-digit percentage. While volatility is expected given how nascent the cannabis industry is, the breadth of this ransacking probably still surprised a lot of investors. Here’s a compendium of all 35 pot stocks that were taken to the woodshed in May, along with some notable trends that follow the (long) list.
MJ Shareholders
MJShareholders.com is the largest dedicated financial network and leading corporate communications firm serving the legal cannabis industry. Our network aims to connect public marijuana companies with these focused cannabis audiences across the US and Canada that are critical for growth: Short and long term cannabis investors Active funding sources Mainstream media Business leaders Cannabis consumers
No comments so far.
Be first to leave comment below.