This Is Millennials' Favorite Stock, and It's Done Awfully in 2019

As a whole, the stock market has had an incredibly good year. Through this past weekend, the iconic Dow Jones Industrial Average and broad-based S&P 500 had gained 20% and 25%, respectively, which trounces their historic annual average returns of 5.7% and 7%. Pretty much every industry looks to end the year on a high note... except the industry that actually makes consumers high: marijuana.

After beginning the year on a tear, with over a dozen pot stocks ending the first quarter higher by at least 70%, nearly all cannabis stocks have given up those year-to-date gains and now sit firmly in negative territory for 2019. And among the worst of the worst performers is the most popular stock in the world with millennial investors, Aurora Cannabis (NYSE: ACB).

Image source: Getty Images.

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Source Fool.com