VFF - Why Village Farms Stock Fell 13% in May
Village Farms International (NASDAQ: VFF) stock declined 12.7% in May, according to data from S&P Global Market Intelligence . The catalyst behind the decline was the Canada-based cannabis player's release of first-quarter results that disappointed some investors.
For context, the S&P 500 index returned 0.7% last month.
Village Farms stock is underperforming the market so far this year after considerably outperforming last year. In 2021, the stock is up 7.4% through June 8, while the S&P 500 has returned 13.3% over this period. In 2020, Village Farms stock gained 62.8%, while the broader market returned 18.4%.
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Why Village Farms Stock Fell 13% in May