Market Watch: “A company that creates medical-marijuana dispensing machines says its stock is getting way too high. Medbox MDBX -90.24% shares surged 3,000% this week — from roughly $4 Monday to $215 Thursday — before falling to $100 after executives sought to dampen investor enthusiasm. . . . The stock, which fell around 50% in early trading Friday, still hovers at $100. “We believe an appropriate trading range is between $5 and $10 but, alas, the market will do what it will do,” says Medbox founder Vincent Mehdizadeh. “
Marijuana Dispensing Machine Maker’s Stock Price Up 3,000%
By On the Net|2014-04-27T11:21:27-07:00November 17th, 2012|Medbox, Stories & Articles|Comments Off on Marijuana Dispensing Machine Maker’s Stock Price Up 3,000%
About the Author: On the Net
The author of this article is
Richard Keyt, an Arizona business law attorney who is the creator of this Arizona medical marijuana law website. Connect with Richard at 480-664-7478 or on Google+