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Home / Market Movers / Cannabis Stock Laggard: Pineapple Express Inc (PNPL) Sheds 16.67% at Midday on June 14

Cannabis Stock Laggard: Pineapple Express Inc (PNPL) Sheds 16.67% at Midday on June 14

Pineapple Express Inc (PNPL) had a tough morning trading session on June 14, declining more than most other peers in the directory of approximately 200 stocks we track in the cannabis industry with a slide of 16.67%. After closing the previous session at $3.0, shares of PNPL opened this morning at 3.0 and are trading at $2.5 at the lunch break. So far, about 3,110 shares have changed hands, compared to an average 30-day volume of 6,730 for Pineapple Express Inc. Shares moved as high at $3.0 and as low as $2.5 in AM trading action.

The share depreciation gives the company a market capitalization of $1.29 billion based upon 53.77 million shares outstanding.

In the past 52 weeks, shares of Pineapple Express Inc have traded as low as $0.02 and as high as $24.0. Technical traders will take note that at $2.5, shares of PNPL are trading

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