Will Things Go From Bad to Worse for Aurora Stock? [Yahoo! Finance News]
Aurora Cannabis Inc. - Common Shares (ACB)
Company Research
Source: Yahoo! Finance News
Things have not been going well for Canadian cannabis stocks like Aurora Cannabis (NYSE:ACB). Aurora lost 32% of its value over the last month. And so far, March isn't looking much better; Aurora stock today hit a new 52-week low of $1.16 per share.Source: Shutterstock Some of the stock's plunge s due to the weakness of the cannabis industry as a whole. But there are several other factors that have been dragging Aurora down recently.Last month, the company's CEO, Michael Singer, announced he would be stepping down from his position. And Aurora plans to implement a variety of cost-cutting measures, including over 500 job cuts. Plus, ongoing concerns about the coronavirus from China aren't helping matters much.InvestorPlace - Stock Market News, Stock Advice & Trading TipsWhen it comes to Aurora stock, investors are likely bracing themselves for more bad news. So how much worse can things get? Here are four things to know: 1\. The Coronavirus May Cause Problems for AuroraOne of the most
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ACB
Sec Filings
- 11/6/24 - Form 6-K
- 11/6/24 - Form 6-K
- 10/25/24 - Form 6-K
- ACB's page on the SEC website