Aurora Cannabis Inc. (NASDAQ: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.
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
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