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Why Aurora Cannabis Is Sinking Today

TheMotleyFool

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Shares of Aurora Cannabis (NYSE: ACB) are down by 9.4% as of 3:12 p.m. EDT on Wednesday, despite the company not reporting any news. But with a grim economic outlook and the pot grower unlikely to wow investors with its fiscal third-quarter financial results, it isn't surprising that Aurora Cannabis's shares are falling.

Speaking about the prospects of an economic recovery, Jerome Powell, head of the U.S. Federal Reserve, said the following: "It will take some time to get back to where we were." Even as states begin to ease social distancing rules, these comments from the head of the Federal Reserve are bound to scare investors, especially those who hold shares of Aurora Cannabis.

Image Source: Getty Images.

Source Fool.com

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