Why Aurora Cannabis Stock Is Tanking Again Today
Aurora Cannabis (NYSE: ACB) shares were tanking 8.8% lower as of 10:03 a.m. EST on Friday after falling as much as 17.3% earlier in the morning. This marks the second consecutive day of double-digit declines for the Canadian marijuana stock. Thursday's drop came as investors anticipated bad news with the company's fiscal 2020 first-quarter results. Those results, announced after the market closed yesterday, were even worse than feared, prompting the continued sell-off today.
Were Aurora's Q1 results bad enough to warrant such a big sell-off? The extent of how low the stock should go is debatable, but the results were really bad.
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Source Fool.com
