Aurora Cannabis Inc is a player in the cannabis industry that is lower by 2.14% Friday. The market has been down on Aurora Cannabis Inc (ACB) stock recently. ACB gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.
Aurora Cannabis Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on ACB!
Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.
As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With ACB Stock Today?
Aurora Cannabis Inc (ACB) stock is trading at $6.91 as of 1:43 PM on Friday, Aug 13, a decline of -$0.15, or -2.14% from the previous closing price of $7.06. The stock has traded between $6.86 and $7.06 so far today. Volume today is less active than usual. So far 2,085,953 shares have traded compared to average volume of 4,453,625 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, 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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