Aurora Cannabis Inc. ACB shares are trading lower Wednesday. The stock appears to be pulling back after gaining more than 100% since last Friday.
What To Know:
The broader cannabis sector has seen increased interest and large gains following the Aug. 30 report of a letter from the Department of Health and Human Services to the DEA recommending the reclassification of marijuana from a Schedule I to Schedule III substance.
Shares of ACB are pulling back on heavy trading volume after gaining more than 80% during the month of September. According to data from Benzinga Pro, more than 80.1 million shares have been traded, compared to the stock's 100-day average of 12.18 million shares.
Related News: What's Going On With WeWork Stock Today?
ACB Price Action: According to Benzinga Pro, Aurora Cannabis shares are down nearly 13% at 84 cents at the time of publication.
Image: Alissa De Leva from Pixabay
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Cannabis is evolving – don’t get left behind!
Curious about what’s next for the industry and how to leverage California’s unique market?
Join top executives, policymakers, and investors at the Benzinga Cannabis Market Spotlight in Anaheim, CA, at the House of Blues on November 12. Dive deep into the latest strategies, investment trends, and brand insights that are shaping the future of cannabis!
Get your tickets now to secure your spot and avoid last-minute price hikes.