Shares of many cannabis stocks, including Aurora Cannabis Inc (NASDAQ: ACB), Canopy Growth Corp (NASDAQ: CGC), Cronos Group Inc (NASDAQ: CRON), Sundial Growers Inc (NASDAQ: SNDL) and Tilray Inc (NASDAQ: TLRY), are all trading lower due to profit-taking from last week's rally amid news the U.S. House Rules Committee scheduled a Monday afternoon meeting to prepare a federal marijuana legalization bill for floor action.
Several cannabis stocks saw marked interest on social media during last Thursday's after-hours and throughout last Friday's trading sessions. At the time of publication, Tilray is trending on Stocktwits amid Monday's selling pressure.
Cannabis stocks may have experienced a short squeeze during last Thursday and Friday's trading sessions. According to data from Benzinga Pro, Tilray has a short percentage of share float of 39.8%; Canopy Growth has a short percentage of share float of 19.7%.
Our Benzinga team last week reported how Cannabis advocates have been working tirelessly to bring a bill to federally legalize cannabis, to the House floor again this month... Read More
- Aurora Cannabis is trading lower by 8.0% at $4.10. Aurora Cannabis has a 52-week high of $10.64 and a 52-week low of $2.89
- Canopy Growth is trading lower by 10.5% at $7.78. Canopy Growth has a 52-week high of $33.67 and a 52-week low of $5.62
- Cronos Group is trading lower by 8.9% at $3.87. Cronos Group has a 52-week high of $9.87 and a 52-week low of $2.96
- Sundial Growers is trading lower by 7.5% at $0.75. Sundial Growers has a 52-week high of $1.49 and a 52-week low of $0.40
- Tilray is trading lower by 6.3% at $8.02. Tilray has a 52-week high of $24.68 and a 52-week low of $4.78.
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