M&T Bank Promotions: $100, $150, $250 Checking Bonuses

M&T Bank Promotion

Take advantage of M&T Bank promotions, bonuses, and offers here!

Currently, the bank is offering $100-$250 bonuses when you sign up for a new Checking Account and meeting all the requirements associated.

About M&T Bank Promotions

Established in 1856 and headquartered in Buffalo, New York, M&T Bank has been serving its communities through a wide variety of account features and services. With fantastic offers such as Money Market and CD rates, you are able to get the most out of your banking experience! Additionally, they offer a multitude of branches located throughout the Midwest, Northeast, and parts of South Florida.

Although you can earn a generous bonus from M&T Bank, check out our list of bank promotions for more offers.

Bank Offers You May Like
See our best bank bonuses updated daily to earn up to $1,000 in free money. Find popular checking offers such as CIT Bank, Chase Bank, HSBC Bank, Discover Bank, Huntington Bank, and TD Bank. See our best rates for Savings and CD too.
FEATURED BANK PROMOTIONS
PROMOTIONAL LINK OFFER REVIEW
HSBC Premier Checking Member FDIC $450 Cash Review
HSBC Premier Checking Member FDIC Up To $600 Review
HSBC Advance Checking Member FDIC $200 Cash Review
HSBC Advance Checking Member FDIC Up To $240 Review
Chase Total Business Checking® $300 Cash Review
Chase Total Checking® $200 Cash Review
Chase Premier Plus CheckingSM $300 Cash Review
TD Bank Checking $300 Cash Review
Huntington 25 Checking $500 Cash Review
Huntington 5 Checking $200 Cash Review
Huntington Asterisk-Free Checking $150 Cash Review
Huntington Bank Unlimited Plus Business Checking $750 Cash Review
Huntington Bank Unlimited Business Checking $400 Cash Review
Huntington Bank Business Checking 100 $200 Cash Review

M&T Bank $250 MyChoice Premium Bonus

Earn a $250 Bonus when you sign up for a new MyChoice Premium Checking Account.

Residents can earn a $250 bonus when you open a new MyChoice Premium Checking Account with promo code TH as well as meeting the requirements.

  • Account Type: MyChoice Premium
  • Credit Inquiry: Soft Pull
  • ChexSystems: Yes
  • Opening Deposit: $25
  • Credit Card Funding: No Credit Card Funding
  • Direct Deposit Requirement: Yes
  • Monthly Fee: $24.95, see below on how to waive
  • Household Limit: One per customer
  • Closing Account Fee: $50 fee if closed within 180 days

(Expires September 15, 2020)

Additionally, you may want to compare this offer to bigger banks such as HSBC Bank checking bonuses, Chase Bank checking bonuses, Huntington Bank checking bonuses, Discover Bank checking bonuses, TD Bank checking bonuses, BBVA, or CIT Bank.

How To Earn $250 Checking Bonus

HOW TO EARN BONUSACCOUNT FEATURESWAIVE THE MONTHLY FEEFINE PRINT
  • Open a new MyChoice Premium Checking Account from M&T Bank with promo code TH.
  • Set up and receive a Direct Deposit of $500 or more within 90 days.
  • After you have received your initial Direct Deposit, the $250 bonus will be deposited into your account within 90 days.
  • Interest-bearing checking
  • ATM Withdrawals: No M&T fee at other banks’ ATMs plus a refund of other banks’ ATM fees
  • No fee for Overdraft Protection transfers
  • No fee for standard checks, traveler’s checks, and incoming wire transfers
  • Premium rates and no monthly maintenance charge on a MyChoice Money Market account with qualifying activity on this checking account
  • Premium rates on M&T Select CDs and personal loans
  • Safe-deposit box discount
  • Monthly paper or electronic statements at no cost
  • Unlimited check writing
  • Waive the $24.95 monthly maintenance fee with
    • $7,500 or more average balance in this account, or
    • $25,000 or more combined balances in eligible M&T account
  • The minimum deposit required to open the account is $25.
  • Fees could reduce earnings on the account.
  • MyChoice Premium Checking is a variable rate account and rates are subject to change without notice.
  • Interest is compounded daily and paid monthly.

M&T Bank $250 MyChoice Plus Bonus

Earn an attractive $250 Bonus with a MyChoice Plus Account from M&T Bank.

Residents can earn a $250 bonus when you open a new MyChoice Plus Account and meet all the necessary requirements.

  • Account Type: MyChoice Plus
  • Credit Inquiry: Soft Pull
  • ChexSystems: Yes
  • Opening Deposit: $25
  • Monthly Fee: $14.95, see below on how to waive

(Expires September 15, 2020)

Earn The $250 Checking Bonus

EARN The BONUSACCOUNT FEATURESWAIVE THE MONTHLY FEEFINE PRINT
  • Open a MyChoice Plus Checking account from M&T Bank.
    • Use Promo Code: TH at account opening to qualify
  • Set up and receive a direct deposit of $500+ within 90 days of account opening.
  • Bonus will post to the account within 90 days of meeting the direct deposit requirement.
  • Option for interest-bearing or non-interest-bearing
  • ATM Withdrawals: No M&T fee at other banks’ ATMs plus a refund of other banks’ ATM fees
  • No monthly maintenance charge on any linked Relationship Savings account
  • Discounted personal loan rates
  • Monthly paper or electronic statements at no cost
  • Unlimited check writing
  • Waive the $14.95 monthly maintenance fee with
    • Direct deposits of $1,500 or more per month, or
    • $2,500 or more average balance in this account
  • MyChoice Plus Checking is available with or without interest.
  • The minimum deposit required to open the account is $25.
  • The minimum balance to obtain the APY is $1.
  • Fees could reduce earnings on the account.
  • Interest is compounded daily and paid monthly.
  • MyChoice Plus Checking With Interest is a variable rate account and rates are subject to change without notice.

M&T Bank $150 EZChoice Bonus

Earn a $150 Bonus when you sign up for an EZChoice Checking Account.

M&T Bank is offering a $150 bonus when you open an EZChoice Checking account with a direct deposit as well as your promo code.

  • Account Type: EZChoice Checking
  • Credit Inquiry: Soft Pull
  • ChexSystems: Yes
  • Monthly Fee: None

(Expires September 15, 2020)

Earn The $150 Checking Bonus

EARN THE BONUSACCOUNT FEATURES
  • Open an EZChoice Checking account in branch or online from M&T Bank with promo code TH.
  • Once you open the account, you’ll have at least 90 days to make a qualifying direct deposit of $500 or more.
  • Upon completion of the requirements, you should receive your $150 bonus within the first 90 days.
  • No monthly maintenance charge on any linked Relationship Savings account
  • Monthly paper or electronic statements at no cost
  • Unlimited check writing
  • The minimum deposit required to open the account is $25.

M&T Bank $250 Checking/$100 Savings Bonus 

M&T Bank is offering a $250 checking/$100 savings bonus with promo code TK.

  • Account Type: Checking and Savings
  • Credit Inquiry: Soft Pull
  • ChexSystems: Yes
  • Monthly Fee: See below

(Expires September 15, 2020)

Earn The $250 Checking/$100 Savings Bonus

EARN THE BONUSACCOUNT FEATURESMONTHLY FEES
  • $100 Bonus:
    • Maintain an average monthly balance of $5,000 or more in the two calendar months, May 2020 and June 2020 and you opened a new personal M&T checking account during the promotional period, and the name on the Relationship Savings account is listed on the new checking account.
    • The bonus will be credited to the account as long as the savings account and personal checking account is still open at the time we seek to credit the bonus and all the eligibility requirements are satisfied.
  •  $250 Bonus:
    • Open a Checking account from M&T Bank.
      • Use Promo Code: TK at account opening to qualify
    • Set up and receive a direct deposit of $500+ within 90 days of account opening.
    • Bonus will post to the account within 90 days of meeting the direct deposit requirement.
  • Must open in branch under a qualified zip code.
  • No monthly maintenance charge on any linked Relationship Savings account
  • Monthly paper or electronic statements at no cost
  • Unlimited check writing
  • The minimum deposit required to open the account is $25.
  • Monthly fee of $24.95 that can be waived with any one of the following methods:
    • Keep an average daily balance of $7,500 or more in the account per monthly service charge cycle
    • Keep total combined balances of $25,000 or more in eligible personal deposit accounts, loans and home equity outstanding balances, investments and business deposit accounts


Bottom Line

If you live near an M&T Bank location, you have the opportunity to earn generous bonuses. To earn these bonuses, simply open the eligible accounts and follow the procedures and the bonuses shall be granted! M&T is more than just your neighborhood bank.

M&T was founded on the principle of providing exceptional financial products and friendly, personalized service. Apply today and let us know how this process when for you by commenting below!

Other Bank Bonuses You May Like
The best bank bonuses are updated here. Check the below pages to get started with some of the best offers:

Chase Bank Bonuses. Read about several offers for their Checking, Savings and Business accounts. Chase usually offers the most sign-up bonuses of all the big banks.
HSBC Bank Bonuses. HSBC Bank routinely has offers for several of their Personal Checking and Business Checking accounts. They also have a good referral program.
TD Bank Bonuses. TD Bank consistently offers great Checking account bonuses all year long. Savings account offers are less frequently available.
Huntington Bank Bonuses. Bonus offers for their Checking accounts are only available for limited periods throughout the year. They also have great options for those looking for a free Checking account (no monthly fees).
Discover Bank Bonuses. Discover Bank offers top cashback, savings, money market accounts and CD rates for you to take advantage of. Discover has industry leading selections to cater to your banking needs.

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FEATURED BANK PROMOTIONS
PROMOTIONAL LINK OFFER REVIEW
HSBC Premier Checking Member FDIC $450 Cash Review
HSBC Premier Checking Member FDIC Up To $600 Review
HSBC Advance Checking Member FDIC $200 Cash Review
HSBC Advance Checking Member FDIC Up To $240 Review
Chase Total Business Checking® $300 Cash Review
Chase Total Checking® $200 Cash Review
Chase Premier Plus CheckingSM $300 Cash Review
Huntington 25 Checking $500 Cash Review
Huntington 5 Checking $200 Cash Review
Huntington Asterisk-Free Checking $150 Cash Review
You InvestSM by J.P. Morgan $725 Cash Review
TD Bank Beyond Checking $300 Cash Review
TD Bank Convenience CheckingSM $150 Cash Review
Huntington Bank Unlimited Plus Business Checking $750 Cash Review
Huntington Bank Unlimited Business Checking $400 Cash Review
Huntington Bank Business Checking 100 $200 Cash Review
UFB Direct High Yield Savings 1.00% APY Review
CIT Bank Money Market 1.00% APY Review
Simple Up to 1.00% APY Review
American Express High Yield Savings 1.00% APY Review
Discover Bank Online Savings 1.01% APY Review
Ally Invest Up to $3,500 Cash Review
E*TRADE $0 Commissions Review

More

The post M&T Bank Promotions: $100, $150, $250 Checking Bonuses appeared first on Hustler Money Blog.

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7 Great Low-Risk Stocks to Add to a TSX Portfolio

Modern skyscrapers in business district

There’s never a wrong time to safety-proof a stock portfolio. One of the best ways to do this is to add asset types that perform well no matter what the market or the economy is doing. Consumer staples offer a range of plays that suit every portfolio type.

Let’s explore four stocks that satisfy a growth thesis in the consumer staples space before examining more routes of low-risk upside.

Consumer staple stocks are an all-weather play

One way to access the consumer staples sector is through grocery outlets. Loblaw Companies and Alimentation Couche-Tard are similar plays in this space. Both names are strongly diversified, though they offer exposure to different types of diversification.

For instance, Loblaw covers a panoply of Canada-centric businesses ranging from Joe Fresh to Shoppers Drug Mart. As such, it’s a quick way to plug straight into some of Canada’s strongest grocery and medical retail names. The company’s umbrella of businesses has been indispensable to Canadians during the pandemic.

Alimentation Couche-Tard is also diversified across businesses. It’s a strong buy for access to grocery and tobacco sales, as well as a spread of acquired companies such as Circle K and Statoil. What really makes Alimentation Couche-Tard such a strong pick is its international diversification.

For a pure-play on consumer staples, investors can also look to producers. Saputo sports a 2% and a strong command of the Canadian dairy industry. This is a company with a wide economic moat and decent fundamentals.

Nutrien is another great wide-moat business. It’s selling at around half its fair value. It’s had a great year in terms of earnings growth, even if its actual share price hasn’t reflected this.

Gold is still galloping higher

The TSX Composite Index has lost 5.7% year on year. But this shows surprising resilience given the extreme economic situation. However, much of that apparent stability comes from steep rallies typified by bulls running risky names.

Investors should not gloss over the calamitous market crash that ripped through equities back in March. Instead, shareholders looking for long, quality positions should identify individual stocks that have outperformed.

Gold stocks have replaced cannabis as high-momentum plays this year. Franco-Nevada has gained 39% in the last 12 months. Barrick Gold has performed even better, gaining 45.5% since this time last year.

Both stocks also pay dividends, making these gold miners a strong play for years of defensive passive income. Barrick’s is the richer dividend, paying a 1% yield to Franco-Nevada’s 0.76%.

Meanwhile, the TSX has found a hero in tech stocks. Constellation Software has appreciated 21% since last June. This nevertheless represents strong growth, even if it’s not the steepest tech climber right now.

This growth curve could continue as the market rewards digital stocks. A 0.35% yield with a low 26% payout ratio suggests room for dividend growth in the long term.

Investors can safety-proof mixing big names in precious metals mining with wide-moat food stocks and outperforming tech. But this is safety-proofing with profits.

By picking defensive names that have crushed the market, it’s possible to get the best of both worlds.

Growth stocks aren’t known for being cheap. But there are more than a few names on the TSX that match value with strong, long-term potential. We’ve rounded up a few of them for you…

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Fool contributor Victoria Hetherington has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Constellation Software. The Motley Fool recommends ALIMENTATION COUCHE-TARD INC, Nutrien Ltd, and SAPUTO INC.

The post 7 Great Low-Risk Stocks to Add to a TSX Portfolio appeared first on The Motley Fool Canada.

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Best Bank Bonuses Without Direct Deposit – July 2020

Best Bank Bonuses Check out our complete list of the best bank bonuses available now without a direct deposit requirement.

Are you looking for a new checking, savings or business bank account? Check out these bank promotions with no direct deposit needed.

Be sure to check back often to see our updated list of bonus offers and read the details for the eligibility requirements. If you are interested, be sure to check out this promotion as well as other banks such as HSBC Bank, Chase Bank, Huntington Bank, Discover Bank, TD BankBBVA or CIT Bank.

Setting up for direct deposit can be time consuming and such a hassle. Some banks require you to do that and change where your paycheck is deposited in order to receive their sign up bonuses.

However, there are some banks that will let you earn the bank bonuses without direct deposit requirement.

Instead, they will require you to enroll in eStatements, online banking, or make a certain number of purchases each month to qualify for the bonuses.

Nowadays, these are the typical transactions we perform on a daily basis so this should not be too hard to achieve.

We have created a list of best checking and savings bank bonuses without direct deposit along with a brief summary on the steps on how to earn the bonus so you can view at ease and help you score some cash with less work on your end.

With banks ranging from Chase, Wells Fargo, Discover to local credit unions, there is definitely a financial institution for you to trust.

Go head and read on and make sure to bookmark this page as we will update our list monthly and keep you updated!

Looking for a bank bonuses located in your state? See our list of the best bank bonuses in each state like Texas, California, New York, Florida, and more!

Best Bank Bonuses Without Direct Deposit


Huntington 25 Checking

Huntington 25 Checking Bonus Coupon
Open your Huntington 25 Checking account today and enjoy:
$500 bonus by making cumulative new money deposits of at least $15,000 within 60 days of account opening and keep your account open for 90 days. $500 will be deposited in your new account within 14 days of meeting requirements.
• 24-Hour Grace Overdraft Relief. It is designed to give you more time to make a deposit in order to avoid an Overdraft Fee.
• Earn Interest on Balances. 0.10% Annual Percentage Yield applies to all balance tiers.
• Free ATM Withdrawals. They’ll waive all non-Huntington ATM cash withdrawal fees at any ATM and reimburse you for some withdrawal fees charged by another ATM owner.
• Waived Monthly Maintenance Fee
• Credit score and identity monitoring at no added cost


Huntington 5 Checking

Huntington 5 Checking account
Open your Huntington 5 Checking account today and enjoy:
$200 bonus by making total deposits of at least $1,000 within 60 days of account opening. $200 will be deposited in your Huntington 5 Checking account after all requirements are met and your account is open for 90 days.
• Earn interest on all balance tiers
• 24-Hour Grace Overdraft Relief
• Five Non-Huntington ATM withdrawal fees waived per statement
• No minimum deposit needed to open
• Enjoy mobile & online banking
• 10% credit card rewards bonus


Huntington Asterisk-Free Checking

Huntington Asterisk Free Checking account
Open your Asterisk-Free Checking® account today and enjoy:
$150 bonus by making total deposits of at least $1,000 within 60 days of account opening.
• Free to open and free to maintain with no monthly maintenance fees
• 24-Hour Grace Overdraft Relief
• All Day DepositSM
• Enjoy mobile & online banking


Huntington Unlimited Plus Business Checking

Huntington Unlimited Plus Business Checking Bonus
• Open a Huntington Unlimited Plus Business Checking Account
• Earn $750 bonus when you open a Huntington Unlimited Plus Business Checking account and make total deposits of at least $20,000 within 60 days of account opening.
• The $750 bonus will be deposited into your account after all requirements are met and your account is open for 90 days.
• Enjoy overdraft protection with no annual fee or deposit-to-deposit overdraft protection with no transfer fee!
• Bonus Service. Choose one bonus service such as fraud tools, discounts on payroll services, or Huntington Deposit Scan®
• Ideal for businesses with higher checking activity and greater cash flow needs.


Huntington Unlimited Business Checking


• Open a Huntington Unlimited Business Checking Account
• Earn $400 bonus when you open a Huntington Unlimited Business Checking account and make total deposits of at least $5,000 within 60 days of account opening.
• The $400 bonus will be deposited into your account after all requirements are met and your account is open for 90 days.
• Get Overdraft Protection Account with no annual fee, or Deposit-to-Deposit Overdraft Protection with no transfer fee.
• Enjoy unlimited transactions. And up to $10,000 in cash or currency deposits monthly in-branch or at an ATM at no charge.
• Designed for businesses with higher checking activity and greater cash flow needs.
• Bonus service. Choose one bonus service such as fraud tools, discounts on payroll services, or Huntington Deposit Scan®.


Huntington Business Checking 100

Huntington Business Checking 100 account
• Open your Huntington Business Checking 100 Account today!
• Earn $200 bonus when you open a Huntington Business 100 Checking account and make total deposits of at least $2,000 within 60 days of account opening.
• The $200 bonus will be deposited into your account after all requirements are met and your account is open for 90 days.
• Overdraft Protection Line of Credit available, or Deposit-to-Deposit Overdraft Protection with no transfer fee.
• Do business without a minimum checking account balance fee or maintenance fee.
• No monthly maintenance fee applies to this account.
• Enjoy up to 100 monthly transactions. And deposit up to $5,000 in cash or currency monthly in-branch or at an ATM at no charge.
• Ideal for start-ups and small businesses with lower balances and checking activity.
• Bonus Service Trial. Free 120-day trial of a fraud tool: Reverse Positive Pay.



CIT Bank Savings Builder

CIT Bank Savings Builder account
With the CIT Bank Savings Builders account:
• Earn a top tier, competitive APY on your money—one of the top savings rates in the nation. Earn 0.95% APY on your funds – grow your savings faster.
• Build a habit of savings. Pay yourself first. Start with $100 per month and build your habit of savings-—all while getting a top rate.
• FDIC Insured


Discover Savings Bonus

Discover Savings Bonus
Open a Discover Online Savings Account for all these features:
• Earn high interest rate of 1.01% APY
• No minimum opening deposit, no minimum balance requirement, and now no fees
• Interest on Discover Online Savings Accounts is compounded daily and credited monthly
• Manage your account online or with the Discover mobile app
• FDIC insurance up to $250,000

See advertiser website for full details


CitiBank Bonuses


Capital One 360 Bonuses

Open Capital One 360 Money Market, Checking, & Savings with these benefits:
-Earn $100 bonus for opening 360 Money Market with $10,000 deposit or more along with a high rate of 1.15% APY.
-Earn $25 bonus with Capital One 360 Checking account and deposit at least $250 and have a total of 3 Debit Card purchases or Person2Person Payments posted to the account within 45 days of account opening.
-Earn $25 bonus with a Capital One 360 Savings account with at least $250 deposit.
-Access to over 38,000 free All point ATMs, mobile app for your on the go deposits, computer access for free P2P payments, and bill pay.
-FDIC insured for up to $250,000 so you can rest easy.


BMO Harris Bonuses

  • Availability: AZ, FL, IL, IN, KS, MO, MN & WI (Branch Locator)
  • Soft pull

FirstBank Bonuses


Associated Bank Bonuses


IC Federal Credit Union Bonuses


Freedom Federal Credit Union Bonuses


PNC Bank Bonuses

*See all PNC Bank offers here.

CBT Bank Bonuses


First Horizon Bank PromotionsFirst Horizon Bank Bonuses


Valley National Bank Bonuses


Bright Star Credit Union Bonuses 


Charter Oak Credit Union Bonuses


Liberty Bank Bonuses


Preferred Credit Union Bonuses


Stanford Federal Credit Union Bonuses


Wings Financial Credit Union Bonuses

  • Availability: Chaska Community Center – 1661 Park Ridge Drive, MN (Branch Locator)

Chase Sapphire Checking Bonus


Chase Business Checking Bonus 


Chase Savings Bonus


Bottom Line

Above are just what we considered as best bank bonuses without direct deposit. If you know of any other great banks that do not require direct deposit, feel free to share it with our readers by commenting below and we will add it onto our list. Also, if you find out about a new bank bonus, let us know first and get paid up to $10 through our Rewards Program.

At HustlerMoneyBlog, we strive to provide you the latest information on all bank deals and be sure to check our complete list of Bank Promotions across the nation for all your banking needs!

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FEATURED BANK PROMOTIONS
PROMOTIONAL LINK OFFER REVIEW
HSBC Premier Checking Member FDIC $450 Cash Review
HSBC Premier Checking Member FDIC Up To $600 Review
HSBC Advance Checking Member FDIC $200 Cash Review
HSBC Advance Checking Member FDIC Up To $240 Review
Chase Total Checking® $200 Cash Review
Chase Premier Plus CheckingSM $300 Cash Review
Huntington 25 Checking $500 Cash Review
Huntington 5 Checking $200 Cash Review
Huntington Asterisk-Free Checking $150 Cash Review
You InvestSM by J.P. Morgan $725 Cash Review
TD Bank Beyond Checking $300 Cash Review
TD Bank Convenience CheckingSM $150 Cash Review
Huntington Bank Unlimited Plus Business Checking $750 Cash Review
Huntington Bank Unlimited Business Checking $400 Cash Review
Huntington Bank Business Checking 100 $200 Cash Review
UFB Direct High Yield Savings 1.00% APY Review
CIT Bank Money Market 1.00% APY Review
Huntington Relationship Money Market 1.25% APY Review
Simple Up to 1.20% APY Review
American Express High Yield Savings 1.00% APY Review
Discover Bank Online Savings 1.01% APY Review
Ally Invest Up to $3,500 Cash Review
E*TRADE $0 Commissions Review

More

The post Best Bank Bonuses Without Direct Deposit – July 2020 appeared first on Hustler Money Blog.

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Mediterranean Diet Review

Nowadays, people have so many options for diet plans to lose weight and ideally to live a healthy lifestyle. But others are not fully aware of their choice and some just got swayed by the promise of quick results. Do you even know what is the right and safe diet plan for you? This can…

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Don’t Buy Aurora Cannabis Stock — Even After the Over 10% Dip in June

Marijuana leaves, cannabis on a dark background, beautiful background, indoor cultivation

Shares of Aurora Cannabis (TSX:ACB)(NYSE:ACB) turned negative in June. As of June 29, the stock was down by 11.7% in June after posting solid 57.4% gains in May. While the stock has risen by 12.6% in the second quarter so far, its 50% year-to-date value erosion — against a 9.8% decline in the S&P/TSX Composite Index — continues to disappoint investors.

While the shares of other pot companies such as Canopy Growth and Hexo have also seen 18.2% and 50.7% drop in 2020 so far, they outperformed Aurora Cannabis in June.

Let’s review Aurora Cannabis’ key developments in June and find out what has hurt its investors’ sentiments lately.

Overbought in May

While Aurora fell by over 10% in June, the sell-off in its stock started in late May. After the company released its third-quarter earnings report on May 15, Aurora Cannabis’ stock witnessed a staggering 122% price rally in just three-day period. In my opinion, this rally was overdone.

On May 21, the company announced its plan to acquire Reliva — a CBD product retail brand from the U.S. — to help it strategically enter the U.S. market.

The acquisition news extended the gain in the already overbought Aurora stock. As a result, it registered a massive 162% gains between May 15 and May 21. Since then, its stock has been falling consistently.

In the third quarter of fiscal 2020, Aurora’s revenue rose by about 16% year over year to $75.5 million. However, its adjusted net loss per share more than doubled to $1.32 per share. With this, the company also missed Wall Street analysts’ estimate of $0.76 loss per share.

Also, Aurora Cannabis reported a decline in its adjusted gross profit margin to 42.2% as compared to 55.6% a year ago. This is one of the reasons why I believe its stock over-rallied after its third-quarter results.

Key factors in June

Last week, Aurora announced its key business transformation plan. Per the plan, Aurora Cannabis expects to reduce about 30% of its production staff over the next two quarters. It will help the company significantly reduce its costs going forward.

This news therefore can’t be considered a negative development. The move attracted a mixed reaction from Wall Street analysts, however.

On June 16, Aurora Cannabis announced the retirement of co-founder, President and Director Steve Dobler. In similar news, yesterday the company revealed that its CEO and co-founder Terry Booth will also retire effective June 26.

The departure of both the co-founders seems to have disappointed investors, as its stock has fallen by 8.2% and 5.1% in the last five days and 10 days, respectively.

Don’t buy Aurora Cannabis stock right now

While the ongoing pandemic has increased market volatility lately, the shares of most cannabis companies, including Aurora, tend to remain highly volatile.

This is the reason why I wouldn’t recommend buying these stocks to investors with a conservative investment approach and low-risk appetite.

Also, after its massive price rally in May, I still find Aurora’s stock overvalued.

However, if you’re looking for great (but cheap) stocks to BUY RIGHT NOW then consider this:

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Fool contributor Jitendra Parashar has no position in any of the stocks mentioned. The Motley Fool recommends HEXO. and HEXO.

The post Don’t Buy Aurora Cannabis Stock — Even After the Over 10% Dip in June appeared first on The Motley Fool Canada.

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