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2021-02-24

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Why Sundial, Aurora Cannabis, Aphria, and Other Marijuana Stocks Plunged Today

Pot stocks surrendered some of their recent gains amid a broad market sell-off. What happened Cannab

Why Sundial, Aurora Cannabis, Aphria, and Other Marijuana Stocks Plunged Today

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Here's how some of the most popular marijuana stocks fared:</p>\n<ul>\n <li><b>Sundial Growers</b>(NASDAQ:SNDL), down 11.9%</li>\n <li><b>Aphria</b>(NASDAQ:APHA), down 6.7%</li>\n <li><b>Tilray</b>(NASDAQ:TLRY), down 5.7%</li>\n <li><b>Cronos Group</b>(NASDAQ:CRON), down 4.8%</li>\n <li><b>Aurora Cannabis</b>(NYSE:ACB), down 4.8%</li>\n <li><b>Canopy Growth</b>(NASDAQ:CGC), down 4.6%</li>\n <li><b>HEXO</b>&nbsp;(NYSE:HEXO), down 4%</li>\n</ul>\n<p><b>So what</b></p>\n<p>Weed stocks have been popular trades in 2021. The prospect of marijuana&nbsp;legalization&nbsp;in the U.S. has led investors to bid up the prices of many cannabis companies in recent weeks.</p>\n<p>Today, however, many traders decided to sell their marijuana stocks and take some profits off the table. There wasn't much in the way of news that appeared to spark the sell-off, other than a general decline in the stock market averages and a relatively steep drop in the prices of many higher-risk stocks.</p>\n<p><b>Now what</b></p>\n<p>Cannabis stocks can be extremely volatile; that's part of the allure for traders who want to generate quick gains. Volatility cuts both ways, though, and it can be brutal when stocks move violently to the downside.</p>\n<p>Fortunately, Sundial, Aphria, Tilray, Cronos, Aurora, Canopy, and HEXO all recovered most of their losses by the close of trading after being down between 13% to 23% earlier in the day. Perhaps investors began to once again focus on recent progress toward legalization, such as New Jersey's move to permit sales of recreational marijuana in the state.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Sundial, Aurora Cannabis, Aphria, and Other Marijuana Stocks Plunged Today</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Sundial, Aurora Cannabis, Aphria, and Other Marijuana Stocks Plunged Today\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-24 10:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/02/23/why-sundial-aurora-cannabis-aphria-and-other-marij/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Pot stocks surrendered some of their recent gains amid a broad market sell-off.\nWhat happened\nCannabis stocks plummeted on Tuesday morning before rebounding later in the day. Here's how some of the ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/02/23/why-sundial-aurora-cannabis-aphria-and-other-marij/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TLRY":"Tilray Inc.","APHA":"Aphria Inc.","MJ":"Amplify Alternative Harvest ETF","ACB":"奥罗拉大麻公司","SNDL":"SNDL Inc.","CGC":"Canopy Growth Corporation","CRON":"Cronos Group Inc."},"source_url":"https://www.fool.com/investing/2021/02/23/why-sundial-aurora-cannabis-aphria-and-other-marij/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1177982522","content_text":"Pot stocks surrendered some of their recent gains amid a broad market sell-off.\nWhat happened\nCannabis stocks plummeted on Tuesday morning before rebounding later in the day. Here's how some of the most popular marijuana stocks fared:\n\nSundial Growers(NASDAQ:SNDL), down 11.9%\nAphria(NASDAQ:APHA), down 6.7%\nTilray(NASDAQ:TLRY), down 5.7%\nCronos Group(NASDAQ:CRON), down 4.8%\nAurora Cannabis(NYSE:ACB), down 4.8%\nCanopy Growth(NASDAQ:CGC), down 4.6%\nHEXO (NYSE:HEXO), down 4%\n\nSo what\nWeed stocks have been popular trades in 2021. The prospect of marijuana legalization in the U.S. has led investors to bid up the prices of many cannabis companies in recent weeks.\nToday, however, many traders decided to sell their marijuana stocks and take some profits off the table. There wasn't much in the way of news that appeared to spark the sell-off, other than a general decline in the stock market averages and a relatively steep drop in the prices of many higher-risk stocks.\nNow what\nCannabis stocks can be extremely volatile; that's part of the allure for traders who want to generate quick gains. Volatility cuts both ways, though, and it can be brutal when stocks move violently to the downside.\nFortunately, Sundial, Aphria, Tilray, Cronos, Aurora, Canopy, and HEXO all recovered most of their losses by the close of trading after being down between 13% to 23% earlier in the day. Perhaps investors began to once again focus on recent progress toward legalization, such as New Jersey's move to permit sales of recreational marijuana in the state.","news_type":1},"isVote":1,"tweetType":1,"viewCount":97,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":4,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}