Aurora Cannabis Inc is a player in the cannabis industry that is lower by 4.74% Monday. Aurora Cannabis Inc (ACB) stock is lower by 9.76% over the past week and gets a Bearish rating from InvestorsObserver 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.
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 $1.11 as of 10:05 AM on Monday, Oct 10, a decline of -$0.05, or -4.74% from the previous closing price of $1.16. The stock has traded between $1.10 and $1.16 so far today. Volume today is below average. So far 2,953,114 shares have traded compared to average volume of 10,803,786 shares.
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More About Aurora Cannabis Inc
Aurora Cannabis, headquartered in Edmonton, Canada, cultivates and sells medicinal and recreational cannabis through a portfolio of brands that includes 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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