Will the Coronavirus Crush These 2 Pot Stocks?
It's a sensitive time on the stock market these days with the coronavirus sending investors into a panic. That's bad news, especially for the cannabis industry where stocks are cratering to all-time lows. Many investments are down 60% or more. Exchange-traded funds (ETFs) are normally safer investments since they hold a variety of different stocks, and yet the Horizons Marijuana Life Sciences ETF is down 80% in just one year.
Things could get even worse, and the two stocks listed below could be in a world of trouble.
Aurora Cannabis (NYSE: ACB) is one of the worst-performing pot stocks over the past year, as it's fallen around 93% in just 12 months. From trading close to $10 per share a year ago, the stock now finds itself well below the $1 mark. A big problem for Aurora is that the company's fallen short of not just analyst expectations, but even its own projections.
Source Fool.com
