2 Marijuana Stocks To Watch Before Friday
Some analysts project that marijuana stocks will soon reach bigger gains over the next few years. However, some also feel as soon as cannabis is federally legal it will cause a spike in trading that will eventually drop off. This potential drop in trading as some say will due to cannabis becoming more regulated throughout the United States. In recent market action, marijuana stocks have been fluctuating price which is partly due to volatility.
This led to a drop in trading in the back half of February and the first week of March. During this time investors were able to find marijuana stocks to buy at lower entry points. The name of the game for cannabis stocks or any stocks for that matter is buying low and sell high. True stock traders are always keeping watch on the market to see when a marijuana stock may drop in trading. This gives investors a chance to see a return that may yield better gains than other sectors.
Currently, the market back down due to people waiting for the Fed announcement in regards to policy decisions of interest rates. As mentioned above the game is to find stocks at low levels that allow you to make a profit as they start to rise back in trading. However like always remember to do your research on the companies before investing.
Investors need to determine how much risk is involved and look for ways to minimize the risk to see the best chance at making gains. Right now is a good time to scan the market for a chance to find marijuana stocks to buy at lower prices. The marijuana stocks below are 2 cannabis companies that some people are taking more notice of for future gains in 2021.
Cannabis Stocks To Watch
Aphria Inc. is one of a few marijuana stocks to see consistent growth that has led to a better market position. Shortly after March of 2020 APHA stock started to fight its way up in a volatile market. From March 18th to April 15th APHA stock hit gains of 76 percent. Yet after this uptick, the company was dealing with a volatile pattern of trading which caused APHA stock to fluctuate in trading.
Much of this up and down pattern continued up until October when the company started to increase its market momentum. From the end of October to the end of November APHA stock was able to keep up its trading in the market even with small dips in trading. In those 4 weeks of trading, APHA stock hit gains of 86 percent which was a good sign of growth potential. In December the company started to dip in trading which led to investors being able to purchase shares at a lower entry point.
At the start of the new year, APHA stock began to recover from trading in December. In the first 2 weeks of 2021 APHA stock was able to climb in trading which produced gains of 17 percent for the company. From this time APHA stock was still able to rise to new market levels to close the month of January upward push in trading. When trading in February started APHA stock once again started to climb in trading.
Final Thoughts On APHA Stock And Market Performance
From February 1st to the 10th the company went on a run that made for gains of 33 percent. Since then the company has maintained a decent market-level even in a downtrend which APHA stock is starting to recover from. With more trading left in 2021 Aphria Inc. is still looked at as a marijuana stock to watch.
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In the last year, MariMed Inc. has faced its fair share of market volatility. Yet during this time MRMD stock has managed to pick up in trading. Especially with 2020 being an up and down year. Like many other marijuana stocks, November and December was a time where the cannabis sector caught a wave of upward momentum. November 20th to the 30th MRMD stock jumped 200 percent in trading which for investors produced a substantial return on their investment. Trading in December started to increase as well outside of small dips throughout the month.
For the month of December, MRMD stock hit gains of 4 percent. As well during this time some of the daily gains were higher. At the start of 2021, the company was able to continue to push up in trading. This boost in trading eventually led to bigger gains. In the first few weeks of 2021, MRMD stock went from $0.50 a share to $0.80. This run made for a 60 percent increase in trading.
From the 15th to the 22nd MRMD stock was still able to move up in the market. Shortly after the MRMD stock dropped the rest of January. Trading in February started with a boost of momentum. This upward trading led MRMD stock to see a rally the first 2 weeks of the month. Since that time MRMD stock has decreased in trading but has started to recover currently in March.