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Are These Marijuana Stocks Showing Potential?

Submitted by Marijuana News on Tue, 10/06/2020 - 09:03

Will Pot Stocks Continue Recent Downtrends?

Here we are, in the month of October, and marijuana stocks are showing downward pressure because of COVID again. With recent concerns over president Donald Trump contracting the Coronavirus the market is feeling the effect. On top of that, you have a miss in September job growth that suggests the recovery is slowing up. Once again, the reality and graveness of this pandemic is brought to the forefront of market stability.

Subsequently, pot stocks have been caught in the lower market trend. For example, companies like Aurora Cannabis Inc. (ACB Stock Report) have seen a significant reduction in stock price. To illustrate, it had lost nearly 50% of its market value in September. For a minute this year Aurora became a favorite with people that use the Robinhood trading app. But this popularity has now faded, and Aurora is having issues with its balance sheet.

How Can Market Volatility Affect Your Investments?

Source: https://420intel.com/articles/2020/10/06/are-these-marijuana-stocks-showing-potential

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