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Updated · MarketWatch · May 7Cronos Group stock falls 1.91% and underperforms market
14 articles · Updated · MarketWatch · May 7
- Shares closed at $2.57 on Thursday as the Nasdaq Composite slipped 0.13% and the Dow Jones Industrial Average lost 0.63%.
- The decline marked Cronos's third straight daily loss, extending recent weakness in the cannabis company's shares.
- Cronos ended 25.07% below its 52-week high of $3.43 reached on 15 December, while trading volume of 1.3 million was below its 50-day average.
Will US cannabis rescheduling finally unlock the value of Canadian pot stocks like Cronos? Why does Cronos Group's stock price ignore its massive cash pile and record growth?