Why Curaleaf Stock Bumped Higher Today
Investors in marijuana companies are an optimistic bunch; they need to be, as the industry is beset by struggles, and even its most prominent companies routinely post net losses.
That's why they tend to trade weed stocks up whenever even slightly positive news hits the headlines, as occurred on Monday. The relatively prominent Curaleaf (OTC: CURLF) saw a decent-sized pop of more than 2% to its share price that day on a fresh development in the political sphere. That was good enough to beat the essentially flatlining S 500 index that trading session.
President Donald Trump, not exactly a determined and vocal advocate of marijuana law reform, has endorsed one such politician for an important position. He hyped Florida State Senator Joe Gruters as an ideal candidate for chairman of the powerful Republican National Committee (RNC).
Source Fool.com
