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.