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Cannabis Stock Laggard: Vapor Group Inc (OTO:VPOR) Sheds 12.5% at Midday on August 31

Vapor Group Inc (OTO:VPOR) had a tough morning trading session on August 31, declining more than most other peers in the directory of approximately 200 stocks we track in the cannabis industry with a slide of 12.5%. After closing the previous session at $0.0008, shares of VPOR opened this morning at 0.0009 and are trading at $0.0007 at the lunch break. So far, about 23.27 million shares have changed hands, compared to an average 30-day volume of 73.43 million for Vapor Group Inc. Shares moved as high at $0.0009 and as low as $0.0007 in AM trading action.

The share depreciation gives the company a market capitalization of $2.13 million based upon 2.66 billion shares outstanding.

In the past 52 weeks, shares of Vapor Group Inc have traded as low as $0.0001 and as high as $0.0016. Technical traders will take note that at $0.0007, shares of VPOR are trading above their 50-day moving average (MA) at $0.0 and above their 200-day MA at $0.0. 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 VPOR?

Vapor Group Inc designs, develops, manufactures and markets vaporizers and e-cigarettes. The Company also offers a range of e-liquid flavors. Its products are marketed under the Vapor Group, Total Vapor, Vapor 123, and Vapor Products brands. The company is led by its CEO from its headquarters in Davie, FL.

For more information on VPOR 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.

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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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