Why Aurora Cannabis Stock Just Tanked 6%
Aurora Cannabis (NYSE: ACB) investors are having a bad day. Investment bank Cantor Fitzgerald cut its rating on the marijuana stock from overweight to neutral Tuesday morning, reported TheFly.com, and cut its price target in half -- from 18 Canadian dollars a share to just CA$7 -- sending the stock spiraling downward on a flat day for the broader market.
As of 1:34 p.m. EDT, Aurora Cannabis stock was down by 6.3% -- but the company has only itself to blame.
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Source Fool.com
