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Why Curaleaf Stock Dropped Today

TheMotleyFool

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Why Curaleaf Stock Dropped Today: https://g.foolcdn.com/editorial/images/835685/american-flag-with-marijuana-plants-in-the-background.jpg

Curaleaf Holdings (OTC: CURLF) stock, an over-the-counter traded, Stamford, Conn.-based cannabis company, tumbled 5.9% through 11:40 a.m. ET Tuesday after soaring 37% on Monday.

I don't think investors need to worry too much about the retreat, however. It looks to me a lot like momentum traders simply taking some profit off the table after a single fabulously successful trading day.

Image source: Getty Images.

Source Fool.com