Overall market sentiment has been down on Aurora Cannabis Inc (ACB) stock lately. ACB receives a Bearish rating from InvestorsObserver's Stock Sentiment Indicator.
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.
Recent trends are a good indator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With ACB Stock Today?
Aurora Cannabis Inc (ACB) stock is trading at $10.55 as of 3:36 PM on Thursday, Jul 30, a loss of -$0.14, or -1.26% from the previous closing price of $10.69. The stock has traded between $10.42 and $10.80 so far today. Volume today is less active than usual. So far 1,536,709 shares have traded compared to average volume of 4,015,186 shares.
To see InvestorsObserver's Sentiment Score for Aurora Cannabis Inc click here.
More About Aurora Cannabis Inc
Aurora Cannabis, headquartered in Edmonton, Canada, cultivates and sells medicinal and recreational cannabis through a portfolio of brands that include Aurora, CanniMed, Daily Special, MedReleaf, and San Rafael '71. Although the company primarily operates in Canada, Aurora has expanded internationally through medical cannabis exporting agreements or cultivation facilities in more than 25 countries.
