Has my stock been accused of fraud?Join over 160k users who know.

Ticker Price Change($) Change(%) Shares Volume Prev Close Open Gain($) Gain(%)
Ticker Status Jurisdiction Filing Date CP Start CP End CP Loss Deadline
Ticker Case Name Status CP Start CP End Deadline Settlement Amt
Ticker Name Date Analyst Firm Up/Down Target ($) Rating Change Rating Current

News

Traders Had Cannabis And Transportation Companies On OTC Markets In Focus During May

Author: Spencer Israel | June 16, 2020 09:54am

The massive rally in stocks around the globe in April and May ended up marking the best 50-day rally for stocks in history.

On the OTC Markets, trading activity in May reflected that rally, as the securities that saw the biggest monthly increases in volume between April and May show how traders were paying closest attention to companies highly exposed to the volatility.

With volatility in the overall market remaining elevated, a number of cannabis securities on the OTCQX Market experienced dramatic volume increases in May. This is consistent with normal markets, as cannabis companies historically tend to trade at a higher beta than the overall market. Complicating matters is the fact that states classified dispensaries as essential businesses—thereby allowing them to stay open while stay-at-home orders were in place—though those orders forced many businesses to pivot to an e-commerce model anyway.

Regardless, trading activity on OTC Markets suggests traders were keyed in on the industry. Roughly $57.4 million worth of shares of Charlotte's Web Holdings Inc. (OTCQX:CWBHF) traded in May, a 127% increase from April. Likewise, dollar volume in Green Thumb Industries Inc. (OTCQX:GTBIF) more than doubled in the month to roughly $66.5 million, while Curaleaf Holdings Inc. (OTCQX:CURLF) saw a 77% increase to just under $70 million.

As traders and investors alike bet on the reopening of the global economy, it’s no surprise that Air Canada (OTCQX:ACDVF) experienced a 79% increase in dollar volume. Overall, the largest Canadian airline company was the 13th-most active security on the market in May.

Elsewhere, Brazilian car rental company Localiza Rent A Car SA (OTCQX:LZRFY), the largest car rental service in Latin America, also experienced a massive volume increase, with just over $28 million worth of shares traded. Much of that volume came in a four-day span from May 19-22, during which roughly 3.8 million shares traded.

On the OTCQB Venture Market, dollar volume increased 23% in May. To give you an idea of how large a volume increase some of these securities experienced, the average month-over-month increase in dollar volume amongst the OTCQB’s 30 most actively traded securities was 659% in May.

Below is a list of the top 10 most active securities on the OTCQX and OTCQB Markets during the month.

OTCQX

Company Country May Dollar Volume
Roche Holding Ltd (OTCQX:RHHBY) Switzerland $1,521,736,251
Grayscale Bitcoin Trust (BTC) (OTCQX:GBTC) U.S. $1,361,290,709
BNP Paribas (OTCQX:BNPQY) France $196,848,012
adidas AG (OTCQX:ADDYY) Germany $174,730,497
Koninklijke Ahold Delhaize N.V. (OTCQX:ADRNY) The Netherlands $131,790,003
Infineon Technologies AG (OTCQX:IFNNY) Germany $117,984,110
Danone (OTCQX:DANOY) France $117,044,392
Zurich Insurance Group Ltd (OTCQX:ZURVY) Switzerland $101,838,819
Heineken N.V. (OTCQX:HEINY) The Netherlands $97,023,883
Experian plc (OTCQX:EXPGY) Ireland $96,820,172

OTCQB

Company Country May Dollar Volume
CytoDyn Inc. (OTCQB:CYDY) U.S. $309,123,954
Fannie Mae (OTCQB:FNMA) U.S. $308,627,715
Freddie Mac (OTCQB:FMCC) U.S. $151,898,628
TOMI Environmental Solutions, Inc. (OTCQB:TOMZ) U.S. $36,176,886
CHAMPIGNON BRANDS INC. (OTCQB:SHRMF) Canada $29,309,128
CV Sciences, Inc. (OTCQB:CVSI) U.S. $26,047,505
Ecoark Holdings, Inc. (OTCQB:ZEST) U.S. $25,339,913
Taronis Technologies, Inc. (OTCQB:TRNX) U.S. $24,095,345
Northwest Biotherapeutics, Inc. (OTCQB:NWBO) U.S. $17,438,007
Semler Scientific, Inc. (OTCQB:SMLR) U.S. $14,759,551

 

Photo by Ethan McArthur on Unsplash

Posted In: ACDVF ADDYY ADRNY BNPQY CURLF CVSI CWBHF CYDY DANOY EXPGY FMCC FNMA GBTC GTBIF HEINY IFNNY LZRFY NWBO RHHBY SHRMF

CLASS ACTION DEADLINES - JOIN NOW!

NEW CASE INVESTIGATION

CORE Finalist