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Cannabis Stock Leader: Insys Therapeutics Inc. (NSD:INSY) Gains 5.14% at Midday on February 21

Insys Therapeutics Inc. (NSD:INSY) has a strong morning trading session on February 21, outpacing most other peers in the directory of approximately 200 stocks we track in the cannabis industry with an advance of 5.14%. After closing the previous session at $11.1, shares of $INSY opened this morning at $11.26 and are trading at $11.67 at the lunch break. So far, about 987,704 shares have changed hands, compared to an average of 30-day volume of 1.07 million for Insys Therapeutics Inc.. Shares moved as high at ${round high 4} and as low as $10.98 in AM trading action.

The share appreciation gives the company a market capitalization of $796.65 million based upon 71.77 million shares outstanding.

In the past 52 weeks, shares of Insys Therapeutics Inc. have traded as low as $8.7 and as high as $21.22. Technical traders will take note that at $11.67, shares of INSY are trading above their 50-day moving average (MA) at $9.855 and below their 200-day MA at $12.913. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move above them is typically regarded as bullish.

Who is INSY?

Insys Therapeutics Inc is a commercial-stage specialty pharmaceutical company that develops and commercializes supportive care products. The Company's two marketed products include Subsys and Dronabinol SG Capsule. The company is led by its CEO Santosh Vetticaden from its headquarters in Chandler, AZ.

For more information on INSY 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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