U.S. markets close in 3 hours 42 minutes
  • S&P 500

    4,166.83
    +54.33 (+1.32%)
     
  • Dow 30

    34,313.13
    +291.68 (+0.86%)
     
  • Nasdaq

    13,393.78
    +268.79 (+2.05%)
     
  • Russell 2000

    2,210.50
    +39.54 (+1.82%)
     
  • Crude Oil

    65.19
    +1.37 (+2.15%)
     
  • Gold

    1,839.40
    +15.40 (+0.84%)
     
  • Silver

    27.48
    +0.42 (+1.56%)
     
  • EUR/USD

    1.2143
    +0.0059 (+0.49%)
     
  • 10-Yr Bond

    1.6320
    -0.0360 (-2.16%)
     
  • GBP/USD

    1.4096
    +0.0044 (+0.31%)
     
  • USD/JPY

    109.3700
    -0.0640 (-0.06%)
     
  • BTC-USD

    51,155.23
    +914.45 (+1.82%)
     
  • CMC Crypto 200

    1,433.48
    +74.92 (+5.51%)
     
  • FTSE 100

    7,043.61
    +80.28 (+1.15%)
     
  • Nikkei 225

    28,084.47
    +636.46 (+2.32%)
     

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

Spencer Israel
·3 min read

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

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

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

See more from Benzinga

© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.