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Updated · MarketWatch · May 6Aurora Cannabis stock rises for second straight day
12 articles · Updated · MarketWatch · May 6
- Shares gained 2.91% to $3.54 on Wednesday as the Nasdaq Composite rose 2.02% to 25,838.94 and the Dow added 1.24% to 49,910.59.
- Despite the advance, Aurora Cannabis closed 46.89% below its 52-week high of $6.67 reached on 9 October.
- Trading volume was 964,438 shares, 23,726 below the stock's 50-day average, suggesting the move came on lighter-than-usual activity.
After a 96% value loss, is Aurora's recent stock rally a genuine turnaround or a speculative bubble? Can Aurora's global medical strategy succeed while it is sidelined from the booming U.S. cannabis market?