Why OrganiGram Holdings Stock Is Jumping Today
Shares of OrganiGram Holdings (NASDAQ: OGI) were 7.8% higher as of 11:44 a.m. EDT on Friday after rising as much as 11.5% earlier in the day. The Canadian cannabis producer didn't report any new developments. You can chalk the gain up to the overall stock market rebound after Thursday's big sell-off.
There's one thing investors should do based on OrganiGram's move today: nothing. Most stocks tend to rise and fall along with how the broader market is doing. It's more important to focus on OrganiGram's long-term business prospects than its stock price swings.
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Source Fool.com
