ACB, a player in the cannabis market, is higher by 1.9% Friday as it outperforms the market as a whole. Overall market sentiment has been high on Aurora Cannabis Inc (ACB) stock lately. ACB receives a Bullish rating 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!
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 $4.68 as of 1:04 PM on Friday, Feb 11, a gain of $0.09, or 1.9% from the previous closing price of $4.59. The stock has traded between $4.29 and $4.81 so far today. Volume today is more active than usual. So far 8,185,892 shares have traded compared to average volume of 6,298,471 shares.
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.
Share this article:
Stay In The Know
Subscribe to our daily morning update newsletter and never miss out on the need-to-know market news, movements, and more.
Thank you for signing up! You're all set to receive the Morning Update newsletter
