Vapor Corp (OTCQB:VPCO) suffered a bigger decline than most peers in the directory of the approximately 200 stocks we track in the cannabis industry on October 31, skidding 30.0% to close the day at $0.0001. Today’s drop came with about 8.78 million shares changing hands, compared to an average of 30-day volume of 13.16 million for VPCO.
The share depreciation gives the company a market capitalization of $27 based upon 277,388 shares outstanding.
In the past 52 weeks, shares of VPCO have traded as low as $1e-06 and as high as $1342600.0. Technical traders will take note that at 0.0001, shares of VPCO are trading above their 50-day moving average (MA) at $0.0 and below their 200-day MA at $5542.615. Technical analysts pay close attention to these key moving averages because they often serve as technical supports and move under them is typically regarded as bearish. Conversely, holding above these key moving averages or breaking over them is perceived as a sign of bullishness.
Who is VPCO?
Vapor Corp designs, markets and distributes electronic cigarettes, vaporizers, e-liquids and accessories. The Company markets its electronic cigarettes as an alternative to traditional tobacco cigarettes. The company is led by CEO Jeffrey Elliot Holman from its headquarters in Dania Beach, FL.
For more information on VPCO and other companies focused on the expanding legal cannabis and medical marijuana industries or to considered for contributing content, visit PotNetwork.com today.
All data provided by QuoteMedia and was accurate as of 4:30PM ET.
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