SLANG Worldwide, which began trading just yesterday, had rallied by ~15% today as of 11:00 AM Eastern Time. New stocks typically experience high volatility in their first few days of trading. For more on the stock, read New Cannabis Stock SLANG Worldwide Jumps on Its First Day.
Other cannabis stocks have been holding up quite well, with the Horizons Marijuana Life Sciences ETF (HMMJ) gaining ~1.9% this morning. Aphria (APHA) led with a 6% increase, followed by Cronos Group (CRON) and Canopy Growth (WEED) (CGC), which rose ~4% and ~4.5%, respectively. Tilray (TLRY) and Aurora Cannabis (ACB) were both up ~2%, HEXO (HEXO) gained 1.2%, and CannTrust gained 2.7%. To learn more about the sector, read Cannabis 2019: Comparing Jim Cramer’s Views with Market Realist’s.