These 10 Indoor Farming Stocks Lost an Average 28% In Share Price in August

After two positive months in June and July that has seen indoor farming stocks appreciate in price, August has wipped out an average 28% with some of these companies reaching above 50% losses.

Photo by Markus Winkler on Unsplash

Good morning readers, after two consecutive months where indoor farming stocks have been appreciating in value, the month of August stopped the progression of most of them leading to an average loss of 28% over the month in their share price.

Earning season has not met expectations set by analysts (even if an increasing number of companies show clear signs of progression both in Earnings per Share and Revenue estimates) which led some institutional investors to sell their positions in certain publicly-traded companies.

But is it really linked to poor performance from Indoor Farming Stocks? Shouldn’t we consider wider macro-economic data?