Aurora Cannabis stock slides 3.11% and underperforms market
Updated
Updated · MarketWatch · May 7
Aurora Cannabis stock slides 3.11% and underperforms market
13 articles · Updated · MarketWatch · May 7
The shares closed at $3.43 on Thursday, while the Nasdaq Composite fell 0.13% to 25,806.20 and the Dow Jones Industrial Average dropped 0.63% to 49,596.97.
The decline ended Aurora Cannabis's two-day winning streak and left the stock 48.54% below its 52-week high of $6.67 reached on 9 October.
Trading volume was 656,573 shares, 339,172 below the company's 50-day average of 995,745, indicating relatively muted activity during the broader market sell-off.
Why did a historic U.S. cannabis policy win trigger a massive sell-off for stocks like Aurora?
As the U.S. reschedules cannabis, can a Canadian giant without American operations truly capitalize on the boom?
With cannabis firms bleeding cash, are rising child poisonings the industry's most significant, overlooked legacy?