{"id":211918,"date":"2021-02-11T17:46:03","date_gmt":"2021-02-11T22:46:03","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=211918"},"modified":"2021-02-11T17:46:03","modified_gmt":"2021-02-11T22:46:03","slug":"weed-sinks-in-another-choppy-session","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/weed-sinks-in-another-choppy-session\/","title":{"rendered":"Weed sinks in another choppy session"},"content":{"rendered":"

Markets endured another choppy session trading at low volumes and little direction. The Dow closed barely in the negatve while the S&P climbed barely in the positive. The Nasdaq rose a modest 0.38% while the TSX slipped 0.35% from Wednesday’s record high. Big news Thursday saw the Reddit rally in cannabis stocks suddenly faded. The TSX healthcare sector plunged over 17% while Aphria<\/a> slid 36%. Aurora<\/a>, Cronos<\/a> and Canopy<\/a> also lost 22-24%, while Organigram<\/a> plummeted 40%.<\/p>\n

There was better news at Brookfield Asset Management which reported a strong quarter and dividend increase. Meanwhile, Brookfield Infrastructure Partners announced it was launching an unsolicited takeover<\/a> of Interpipeline to the tune of $5.7 billion. IPL<\/a> shot up 29.25% while BIP.UN<\/a> slid 2.9%. Seven Generations<\/a> and Arc Resources<\/a> agreed to merge, pushing up shares 5.74% and 4.85% respectively.<\/p>\n

Pot stocks plunged to similar levels on Wall Street while all the Dow components were mixed. Bright spots included Intel<\/a>, rising 3.06%, but Walgreens<\/a> slipped 2.89%. On the up side were Lam Research<\/a> by 7.46 and Mastercard<\/a> by 2.59%, and sliding down were Molson Coors<\/a> at -9.15%. The price of WCS declined 0.55% and gold fell nearly 1%. However, Bitcoin<\/a> surged nearly 5% to touch $47,000.<\/p>\n

🌿 Aphria Inc<\/a> -36%
\n🌿 Aurora Cannabis<\/a> -24%
\n🌿 Cronos Group Inc<\/a> -22%
\n🌿 Canopy Growth Corp.<\/a> -22%
\n🌿 OrganiGram Holdings Inc.<\/a> -40%
\n🛢 Inter Pipeline<\/a> +29.25%
\n🏛 Brookfield Infrastructure Partners<\/a> -2.9%
\n🛢 Seven Generations Energy Ltd<\/a> +5.74%
\n🛢 Arc Resources Ltd<\/a> +4.85%
\n💾 Intel<\/a> +3.06%
\n💊 Walgreen Boots Alliance<\/a> -2.89%
\n🧬 Lam Research Corp<\/a>\u00a0+7.46%
\n💳 Mastercard Inc.<\/a> +2.59%
\n🍺 Molson Coors Brewing Company<\/a> -9.15%
\n🅱 The Bitcoin Fund<\/a> +5%<\/p>\n","protected":false},"excerpt":{"rendered":"

Markets endured another choppy session trading at low volumes and little direction. The Dow closed barely in the negatve while the S&P climbed barely in the positive. The Nasdaq rose a modest 0.38% while the TSX slipped 0.35% from Wednesday’s […]<\/p>\n","protected":false},"author":12,"featured_media":174836,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"cwp_meta_box_check":"No","cwp_rev_product_name":"","cwp_rev_product_image":"","wppr_links":[],"cwp_rev_price":"","wppr_options":[],"wppr_pros":[],"wppr_cons":[],"footnotes":""},"categories":[178],"tags":[],"class_list":["post-211918","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily"],"wppr_data":{"cwp_meta_box_check":"No"},"_links":{"self":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/211918","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/comments?post=211918"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/211918\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media\/174836"}],"wp:attachment":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media?parent=211918"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=211918"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=211918"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}