5 Most Popular Marijuana Stocks on the Market Right Now
What are the most popular marijuana stocks on the market right now? It depends on how you measure popularity.
Probably the best way to evaluate the popularity of a stock is to look at its average daily trading volume. This number provides a great barometer of investor interest in a given stock. You might argue that some very unpopular stocks could have high average trading volumes as investors sell off the stock. While that might be true, remember that there’s a buyer on the other end of every one of those transactions.
Based on average trading volume, the most popular marijuana stocks on the market right now are Aphria (NYSE: APHA), Aurora Cannabis (NYSE: ACB), Canopy Growth (NYSE: CGC), Cronos Group (NASDAQ: CRON), and HEXO (NYSEMKT: HEXO) (TSX: HEXO). This list, by the way, is in alphabetical order and only includes the stocks of companies with a primary focus in the cannabis industry. You might be surprised at how these marijuana stocks rank in terms of their popularity based on average trading volumes, though.
– Read the entire article at Yahoo News.