Why Curaleaf Stock Dropped Today

Curaleaf Holdings (OTC: CURLF) stock, an over-the-counter traded, Stamford, Conn.-based cannabis company, tumbled 5.9% through 11:40 a.m. ET Tuesday after soaring 37% on Monday.

I don't think investors need to worry too much about the retreat, however. It looks to me a lot like momentum traders simply taking some profit off the table after a single fabulously successful trading day.

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Source Fool.com