Why Aurora Cannabis Stock Jumped Over 30% Today
After jumping 32% earlier in the session, shares of Canadian pot company Aurora Cannabis (NYSE: ACB) remain up 21% as of 10:50 a.m. EST. The stock has been on a bumpy ride this year. Though shares are down 65% year to date, they have jumped about 80% just since the U.S. election on Nov. 3.
And the election is still moving shares today. News that the Trump administration has officially cleared the way for a transition to the Biden presidency gives investors in marijuana companies more optimism for the industry.
Image source: Getty Images.
Source Fool.com
