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Cannabis Stock Rising With Bullish Sentiment Tuesday: Should You Add Aurora Cannabis Inc (ACB) To Your Portfolio?

Tuesday, January 11, 2022 11:37 AM | InvestorsObserver Analysts

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Cannabis Stock Rising With Bullish Sentiment Tuesday: Should You Add Aurora Cannabis Inc (ACB) To Your Portfolio?

Aurora Cannabis Inc is a player in the cannabis industry that is higher by 2.95% Tuesday. Aurora Cannabis Inc (ACB) stock has gained 2.77% over the past week and gets a Bullish rating from InvestorsObserver 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?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With ACB Stock Today?

Aurora Cannabis Inc (ACB) stock is trading at $5.93 as of 11:29 AM on Tuesday, Jan 11, an increase of $0.17, or 2.95% from the previous closing price of $5.76. The stock has traded between $5.64 and $5.94 so far today. Volume today is low. So far 2,116,935 shares have traded compared to average volume of 4,882,677 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 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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