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Cannabis Stock Laggard: 420 Property Management Inc (OTO:FTPM) Drops 10.0% for January 25

420 Property Management Inc (OTO:FTPM) suffered a bigger decline than most peers in the directory of the approximately 200 stocks we track in the cannabis industry on January 25, skidding 10.0% to close the day at $0.0009. Today’s drop came with about 18.38 million shares changing hands, compared to an average of 30-day volume of 29.8 million for FTPM.

The share depreciation gives the company a market capitalization of $892 based upon 892,000 shares outstanding.

In the past 52 weeks, shares of FTPM have traded as low as $0.0004 and as high as $0.015. Technical traders will take note that at 0.0009, shares of FTPM are trading below their 50-day moving average (MA) at $0.001 and below their 200-day MA at $0.002. 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 FTPM?

420 Property Management Inc is engaged in property management for medicinal and legal recreational marijuana in the United States. The company is led by CEO Kenneth Williams from its headquarters in Detroit, MI.

For more information on FTPM 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 4:30PM 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

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