|Bid||8.65 x 1800|
|Ask||8.67 x 4000|
|Day's range||8.30 - 8.92|
|52-week range||3.71 - 32.88|
|Beta (5Y monthly)||1.59|
|PE ratio (TTM)||40.32|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Shares of Aurora Cannabis (NYSE: ACB) rushed ahead to close up 28.5% on Tuesday, but as Wednesday unfolds, the Canadian cannabis company is giving back some of those gains and is down 7.3% in 11:30 a.m. EST trading. Aurora gathered up its gains yesterday as investors responded to news that the General Services Administration has begun the transition to a Biden administration, despite President Trump still not having actually conceded that Joe Biden won the election earlier this month. Because, during the presidential campaign, Biden running mate and soon-to-be-Vice President Harris promised to "decriminalize marijuana, and ... expunge the records of those who have been convicted of marijuana," investors have high hopes that the transition in administration will soon lead to the federal legalization of weed.
Tuesday morning brought fresh new record highs to parts of the stock market, and it even sent the Dow Jones Industrial Average (DJINDICES: ^DJI) past a key milestone. After having encountered amazing volatility throughout 2020, investors now seem ready to put the year behind them and focus on the promise that 2021 will bring. As of 11:45 a.m. EST, the Dow Jones Industrial Average (DJINDICES: ^DJI) was up 470 points to 30,061, which would be enough for a new record if it finishes the day at that level.
After jumping 32% earlier in the session, shares of Canadian pot company Aurora Cannabis (NYSE: ACB) remain up 21% as of 10:50 a.m. EST. News that the Trump administration has officially cleared the way for a transition to the Biden presidency gives investors in marijuana companies more optimism for the industry. Investors in pot stocks cheered the election for several reasons.