Why Aphria's Stock Crushed It in April
Shares of the Canadian pot company Aphria (NYSE: APHA) rose by an eye-catching 25.5% during the month of April, according to data from S&P Global Market Intelligence. Aphria's shares spiked last month for two fundamental reasons.
First off, the company's shares were hammered in March by the COVID-19 sell-off. Investors fled pot stocks during the month of March because of concern over global supply chains and the possible negative impact of shelter-in-place orders on demand for legal cannabis in general. These theoretical headwinds haven't come to much so far this year, and cannabis investors apparently decided to go bargain hunting last month. Aphria's stock was clearly one of the beneficiaries of this trend in April.
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Source Fool.com
