Why Aurora Cannabis Stock Plunged 22% in July
Shares of Aurora Cannabis (NASDAQ: ACB) tumbled 22% for the month of July, according to data provided by S&P Global Market Intelligence, even as the Horizons Marijuana Life Sciences Index ETF fell 11% and the S&P 500 managed to cobble together a 2.2% gain.
Aurora, one of the Robinhood investing app's most-held stocks, has enjoyed few bright moments in 2021. And with the prospects of marijuana legalization in the U.S. not looking especially promising on the federal level at the moment, the pot stock had very few days to be happy about last month.
Image source: Getty Images.
Source Fool.com