As Marijuana Stocks Start To Recover In The Market Is Now The Time To Buy Or Sell?
Mar 10, 2021 (Marijuana Stocks via COMTEX) —
Will Cannabis Stocks Continue To Bounce Higher In The Market?
Some marijuana stocks have started to recover from their recent downtrend. Over the last few weeks of trading, the market began to lose momentum and trade down. This was partly due to a rise in bond yields but with the announcement of a new stimulus package, things are looking better in the market. With this current uptick in trading some cannabis stocks to watch made a substantial recovery.
For instance, some marijuana stocks like Aphria Inc. (NASDAQ:APHA) and GrowGeneration Corp. (NASDAQ:GRWG) recovered with over a 10 percent increase during yesterday’s trading. This turn in the market gave the chance for investors to take some profits from the upward push in trading. It seems that due to how volatile the cannabis sector is investors are waiting for the next potential dip before buying any pot stocks.
The last year of trading for cannabis stocks has been with lots of ups and downs in the market. Much of this past volatility is based on politics and better cannabis legislation. With better cannabis laws in place, there is much that can be accomplished in the cannabis industry. For starters with more states going legal in 2021 cannabis companies are looking to tap into new markets.
When a publicly-traded cannabis company can keep…
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As Marijuana Stocks Start To Recover In The Market Is Now The Time To Buy Or Sell?
Mar 10, 2021 (Marijuana Stocks via COMTEX) —
Will Cannabis Stocks Continue To Bounce Higher In The Market?
Some marijuana stocks have started to recover from their recent downtrend. Over the last few weeks of trading, the market began to lose momentum and trade down. This was partly due to a rise in bond yields but with the announcement of a new stimulus package, things are looking better in the market. With this current uptick in trading some cannabis stocks to watch made a substantial recovery.
For instance, some marijuana stocks like Aphria Inc. (NASDAQ:APHA) and GrowGeneration Corp. (NASDAQ:GRWG) recovered with over a 10 percent increase during yesterday’s trading. This turn in the market gave the chance for investors to take some profits from the upward push in trading. It seems that due to how volatile the cannabis sector is investors are waiting for the next potential dip before buying any pot stocks.
The last year of trading for cannabis stocks has been with lots of ups and downs in the market. Much of this past volatility is based on politics and better cannabis legislation. With better cannabis laws in place, there is much that can be accomplished in the cannabis industry. For starters with more states going legal in 2021 cannabis companies are looking to tap into new markets.
When a publicly-traded cannabis company can keep…
