Aurora Cannabis Inc is a player in the cannabis industry that is higher by 4.75% Tuesday. Aurora Cannabis Inc (ACB) stock has gained 17.94% over the past week and gets a Bullish rating from InvestorsObserver 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!
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.
Recent trends are a good indicator 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 $3.09 as of 4:00 PM on Tuesday, May 17, an increase of $0.14, or 4.75% from the previous closing price of $2.95. The stock has traded between $2.97 and $3.15 so far today. Volume today is 7,279,937 compared to average volume of 6,215,234.
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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