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.

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Source Fool.com