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Why Aurora Cannabis Fell 12.9% in June

TheMotleyFool

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Shares of Aurora Cannabis (NYSE: ACB) fell 12.9% in June, according to data from S&P Global Market Intelligence. The former cannabis darling has fallen on hard times to say the least, with the stock down a whopping 86% over the past year. Nevertheless, June's decline can likely be attributed to a mere correction after May's huge 59% gain following the company's March quarter earnings report, which beat expectations.

Aurora's stock drifted back down in June despite several significant announcements that could be actually be taken as positive developments.

Aurora Cannabis had its share price clipped in June. Image source: Getty Images.

Source Fool.com

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