Is Aurora Cannabis Stock Headed to $1 Per Share?
Last week, Aurora Cannabis (NYSE: ACB) stock tumbled in response to both Canopy Growth's (NYSE: CGC) dreadful fiscal second-quarter earnings report, as well as its own weaker-than-expected fiscal first-quarter numbers. Aurora's shares, in fact, ended the week down by an eye-catching 28.3%. Aurora's shares have now fallen by a whopping 44% for the whole of 2019 -- making it one of the worst-performing mid-cap stocks currently listed on the New York Stock Exchange (NYSE) this calendar year.
Now, with the end of the year fast approaching, some investors might be tempted to cut their losses with this once-high-flying pot stock, especially if it would help to minimize their capital gains from other sources. Aurora's near-term prospects, after all, aren't particularly bright due to the ongoing structural issues within the legal Canadian marijuana market.
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Source Fool.com
