Sunday , March 24 2019
Breaking News
Home / Market Movers / Cannabis Stock Laggard: CV Sciences Inc. (OTCQB:CVSI) Sheds 9.72% at Midday on December 15

Cannabis Stock Laggard: CV Sciences Inc. (OTCQB:CVSI) Sheds 9.72% at Midday on December 15

CV Sciences Inc. (OTCQB:CVSI) had a tough morning trading session on December 15, declining more than most other peers in the directory of approximately 200 stocks we track in the cannabis industry with a slide of 9.72%. After closing the previous session at $0.325, shares of CVSI opened this morning at 0.33 and are trading at $0.2934 at the lunch break. So far, about 1.09 million shares have changed hands, compared to an average 30-day volume of 1.36 million for CV Sciences Inc.. Shares moved as high at $0.33 and as low as $0.276 in AM trading action.

The share depreciation gives the company a market capitalization of $18.47 million based upon 56.84 million shares outstanding.

In the past 52 weeks, shares of CV Sciences Inc. have traded as low as $0.1 and as high as $0.9866. Technical traders will take note that at $0.2934, shares of CVSI are trading below their 50-day moving average (MA) at $0.499 and below their 200-day MA at $0.409. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move beneath them is typically regarded as bearish.

Who is CVSI?

CV Sciences Inc is a life science company. The Company operates two business segments specialty pharmaceutical and consumer product. The company is led by its CEO Michael Mona from its headquarters in Las Vegas, NV.

For more information on CVSI and other companies focused on the expanding legal cannabis and medical marijuana industries or to considered for contributing content, visit today.

All data provided by QuoteMedia and was accurate as of 12:00PM ET.

About is a leading publisher of market news, commentary, proprietary research and videos from seasoned journalists, analysts and contributors covering the legal cannabis and medical marijuana markets. Leveraging our extensive distribution network and social media presence, we have cultivated a valuable audience of engaged market enthusiasts interested in all segments, which in turn delivers a variety of unique opportunities for industry partnerships, corporate communications and market exposure. A complete disclaimer can be viewed here.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to:

About Jeremy Wilchek

Check Also

Cannabis Stock Leader: Zoned Properties Inc (OTCQX:ZDPY) Advances 23.08% for July 28

Zoned Properties Inc (OTCQX:ZDPY) outpaced most other peers in the directory of the approximately 200 …