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Home / Market Movers / Cannabis Stock Laggard: 420 Property Management Inc (OTO:FTPM) Sheds 11.11% in Early Trading on January 26

Cannabis Stock Laggard: 420 Property Management Inc (OTO:FTPM) Sheds 11.11% in Early Trading on January 26

420 Property Management Inc (OTO:FTPM) is coming out weak in the morning trading session on January 26, declining more than most other peers in the directory of approximately 200 stocks we track in the cannabis industry with an slide of 11.11%. After closing the previous session at $0.0009, shares of FTPM opened this morning at $0.0009 and are trading at $0.0008 shortly after the opening bell. So far, about 9.89 million shares have changed hands, compared to an average of 30-day volume of 30.24 million for 420 Property Management Inc. Shares moved as high at $0.0009 and as low as $0.0008 in today’s early action.

The share depreciation gives the company a market capitalization of $802 based upon 892,000 shares outstanding.

In the past 52 weeks, shares of 420 Property Management Inc have traded as low as $0.0004 and as high as $0.015. Technical traders will take note that at $0.0008, 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 support and resistance levels and because a move beneath them is typically regarded as bearish.

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 its 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 PotNetwork.com today.

All data provided by QuoteMedia and was accurate as of 9:30AM ET.

About PotNetwork.com

PotNetwork.com 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 PotNetwork.com. 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: http://potnetwork.com/legal-disclaimer/.

About Jeremy Wilchek

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