Easy-To-Trade Cannabis Stocks: Insights Into How Trading Activity Affects These Investments
The trading volume of a stock reflects the number of shares bought and sold within a given time. This is called liquidity. The term is used because it likens the ease of converting assets to cash to the fluidity of water. Why is this important for cannabis stocks?
Liquidity determines how easily a stock can be bought or sold without significantly affecting its price. High liquidity is associated with lower transaction costs and greater flexibility, making it essential for both short-term traders and long-term investors.
High-Liquidity Cannabis Stocks
Several cannabis stocks are known for high trading volumes, indicating strong liquidity. Examples in Benzinga Pro include SNDL, Tilray Brands, Cronos Group and Aurora Cannabis.
SNDL: (NASDAQ: SNDL) Trading volume of 4,652,464, priced at $2.40 with a decline of 2.439%.
Tilray Brands (NASDAQ: TLRY): Trading volume of 26,783,844, priced at $1.95 with a decline of 2.0202%.
Cronos Group (NASDAQ: CRON): Trading volume of 2,192,492, priced at $2.80 with a decline of …