{"id":4179,"date":"2014-03-21T12:15:09","date_gmt":"2014-03-21T12:15:09","guid":{"rendered":"\/?p=4179"},"modified":"2014-03-21T12:15:16","modified_gmt":"2014-03-21T12:15:16","slug":"terra-tech-corp-otcmktstrtc-slumps-back-under-a-dollar","status":"publish","type":"post","link":"\/articles\/terra-tech-corp-otcmktstrtc-slumps-back-under-a-dollar\/","title":{"rendered":"Terra Tech Corp. (OTCMKTS:TRTC) Slumps Back Under a Dollar"},"content":{"rendered":"

\"64TRTC_chart.png\"The last couple of months have been an exciting ride for Terra Tech Corp. (OTCMKTS:TRTC<\/a>) investors. The company’s share price soared when sector-wide hype pushed all marijuana OTC players up. The ticker ran as high as $1.40 per share just a few sessions ago but it’s now locked in a slide that is burning through trader profits just as quickly as the climb that created them. <\/p>\n

The company has been keeping silent for a while now, with a single new press release mentioning TRTC<\/a> in passing. There is little else happening with TRTC<\/a> on the press announcement front. A stock-focused website published a hugely optimistic piece on TRTC<\/a> yesterday but even that did not manage to stop the drop. The article in question highlighted the news that Clark County commissioners approved medical marijuana dispensaries. TRTC<\/a> are still awaiting approval of their marijuana license for Nevada.<\/p>\n

There was also another batch of Form 4-s published by the company yesterday, disclosing that three of TRTC<\/a>‘s directors disposed of a total of 300,000 common shares, or 100,000 each. Insider selling never did the share price of any company much good, especially when insiders are cashing out during a drop from a new high.<\/p>\n

TRTC<\/a> has had its price sliced from $1.40 down to $0.97, a drop of about 30% in a little over a week. Whether the insider selling is already baked into TRTC<\/a>‘s last closing price or not remains to be seen.<\/p>\n

\"74GRNH_chart.png\"Other marijuana tickers that were heavily traded yesterday include Growlife, Inc. (OTCBB:PHOT<\/a>), who once again led the pot-pack. PHOT<\/a> managed to reverse a red streak and close 7% up on 40 million shares changing hands. GreenGro Technologies, Inc. (OTCMKTS:GRNH<\/a>) tumbled after banging on the $0.70 mark and failing to pierce it, closing 13% down yesterday.<\/p>\n","protected":false},"excerpt":{"rendered":"

The last couple of months have been an exciting ride for Terra Tech Corp. (OTCMKTS:TRTC) investors. The company’s share price soared when sector-wide hype pushed all marijuana OTC players up. The ticker ran as...<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[262,21,259],"class_list":["post-4179","post","type-post","status-publish","format-standard","hentry","category-news","tag-grnh","tag-phot","tag-trtc"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/4179","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=4179"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/4179\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=4179"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=4179"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=4179"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}