Shares of cannabis companies were broadly higher Wednesday, as the sector was set to snap a six-session streak of losses (http://www.marketwatch.com/story/pot-stocks-pummeled-again-as-aurora-cannabis-falls-on-nyse-debut-2018-10-23). The ETFMG Alternative Harvest ETF (MJ) rallied 1.7% in premarket trade, after tumbling 22% over the past six days. Among the more-active stocks ahead of the open, Aurora Cannabis Inc. rallied 4.9% ahead of the open. The stock had dropped 12% on Tuesday, as it debuted on the NYSE, and had fallen 24% the past six sessions. Elsewhere, shares of Tilray Inc. rallied 2.2%, Canopy Growth Inc. (WEED.T) climbed 1.6%, Cronos Group Inc. (CRON.T) rose 1.8% and Green Organic Dutchman Holdings Ltd. tacked on 1.9%. Among the decliners, India Globalization Capital (http://www.marketwatch.com/story/10-potential-red-flags-for-investors-in-india-globalization-capital-the-pot-stock-that-jumped-1000-in-three-months-2018-10-04) Inc.'s stock (IGC) dropped 5.8% and New Age Beverages Corp. (NBEV) shed 2.1%. Over the past three months, the marijuana sector ETF has rallied 22% through Tuesday while the S&P 500 has lost 2.8%.
-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
October 24, 2018 12:29 ET (16:29 GMT)
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