7. Aurora Cannabis
Aurora Cannabis was the seventh most popular stock on Robinhood in May.
The cannabis company was owned by 473,619 users at the end of May, compared to 969,595 users in the prior month.
The 51% decline in Robinhood accounts that own the stock was accompanied with a 58% spike in Aurora’s stock price in May, signaling that investors are taking profits in Aurora Cannabis.
Additionally, the large decline in Robinhood owners occurred right after the company conducted a reverse stock split, which may have spurred investors to sell.
Source: Robintrack.net