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GRWG - Why Shares of GrowGeneration Rose 16.1% on Monday
GrowGeneration Corp.
GrowGeneration (NASDAQ: GRWG) , which makes hydroponic supplies and equipment used by the cannabis industry, saw its shares rise 16.1% on Monday. The stock closed at $7.34 a share on Friday, then opened at $7.58 on Monday before rising to a high of $8.52 in the early afternoon. The stock is still down more than 36% this year and more than 81% over the past 12 months.
Two factors were behind the stock's rise. First, after what has been one of the worst months ever for the Nasdaq , the exchange rose 2% on Monday.