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Aurora Cannabis Inc (ACB) Drops -6.91% Tuesday: Are Investors Bullish or Bearish On This Cannabis Stock?

Tuesday, August 09, 2022 11:03 AM | InvestorsObserver Analysts
Aurora Cannabis Inc (ACB) Drops -6.91% Tuesday: Are Investors Bullish or Bearish On This Cannabis Stock?

ACB stock is lower by 6.91% Tuesday as the cannabis stock decreases $0.11 and underperforms the market. The market has been high on Aurora Cannabis Inc (ACB) stock recently. ACB gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bullish
Aurora Cannabis Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on ACB!

What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With ACB Stock Today?

Aurora Cannabis Inc (ACB) stock is trading at $1.54 as of 10:59 AM on Tuesday, Aug 9, a drop of -$0.11, or -6.91% from the previous closing price of $1.65. The stock has traded between $1.52 and $1.66 so far today. Volume today is below average. So far 4,119,472 shares have traded compared to average volume of 8,937,757 shares.

More About Aurora Cannabis Inc

Aurora Cannabis, headquartered in Edmonton, Canada, cultivates and sells medicinal and recreational cannabis through a portfolio of brands that includes Aurora, CanniMed, Daily Special, MedReleaf, and San Rafael '71. Although the company primarily operates in Canada, it has expanded internationally through medical cannabis exporting agreements or cultivation facilities in more than 20 countries. Click Here to get the full Stock Report for Aurora Cannabis Inc stock.

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