Pot stock ACB is in the clouds Wednesday, increasing 2.59%. 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.
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 $3.37 as of 2:32 PM on Wednesday, Mar 9, a gain of $0.09, or 2.59% from the previous closing price of $3.28. The stock has traded between $3.31 and $3.48 so far today. Volume today is 4,389,605 compared to average volume of 5,761,983.
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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