Why Aurora Cannabis Stock Is Sinking Today
Shares of the Canadian pot company Aurora Cannabis (NYSE: ACB) are poised for a rough day. The company's shares dropped by as much as 18% in pre-market trading Wednesday morning in response to its disappointing fiscal 2020 fourth-quarter results released after the closing bell yesterday.
Aurora's stock is thus set to give back all of its hefty gains from Tuesday's trading session. Speculators poured into this small-cap pot stock yesterday with the hope that the company would report better-than-expected Q4 results. That optimistic scenario failed to materialize, triggering today's double-digit decline ahead of the opening bell.
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Source Fool.com
