ACB, a player in the cannabis market, is higher by 1.29% Wednesday as it outperforms the market as a whole. The market has been high on Aurora Cannabis Inc (ACB) stock recently. ACB gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.
Aurora Cannabis Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on ACB!
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
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 $7.55 as of 2:51 PM on Wednesday, Oct 20, an increase of $0.10, or 1.29% from the previous closing price of $7.45. The stock has traded between $7.30 and $7.80 so far today. Volume today is 5,765,148 compared to average volume of 4,991,060.
To screen for more stocks like 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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