Today's Research Reports on Trending Tickers: Aurora Cannabis and Canopy Growth
NEW YORK, NY / ACCESSWIRE / November 19, 2018 / U.S. equities finished mostly in the green on Friday as investors digested comments from President Donald Trump, expressing confidence in resolving the current trade dispute between the U.S. and China. The Dow Jones Industrial Average was up 0.49 percent to close at 25,413.22, while the S&P 500 Index increased 0.22 percent to close at 2,736.27. The Nasdaq Composite Index finished 0.15 percent lower at 7,247.87.
According to Michael Arone, chief investment strategist with State Street Global Advisors, “Usually the upcoming holiday season is a great time for the markets, earnings have been strong, and we can still expect to see the lingering effects of tax cuts in the next couple of quarters.”
MER Initiates Coverage on:
Aurora Cannabis Inc.
https://marketedgereport.com/report/ACB/
Canopy Growth Corporation
https://marketedgereport.com/report/CGC/
Aurora Cannabis' stock moved 3.61% lower Friday, to close the day at $6.40. The stock recorded a trading volume of 8,459,873 shares, which was below its three months average volume of 13,288,809 shares. In the last year, Aurora Cannabis' shares have traded in a range of 4.05 - 12.52. The share price has gained 58.02% from its 52 week low. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $8.39 is above its 200-day moving average of $7.00. Shares of the company are trading at a Price to Earnings ratio of 56.64. Shares of Aurora Cannabis have fallen roughly 39.16 percent in the past month and are down 16.12 percent year-to-date.
Access MER's Aurora Cannabis Inc. Research Report at:
https://marketedgereport.com/report/ACB/
On Friday, shares of Canopy Growth recorded a trading volume of 6,270,035 shares, which was below the three months average volume of 15,316,171 shares. The stock ended the day 0.34% lower at $35.21. The share price has fallen 40.57% from its 52week high with a52 week trading range of 16.74 - 59.25. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $43.13 is above its 200-day moving average of $35.97. Shares of Canopy Growth have fallen roughly 28.01 percent in the past month and are up 35.9 percent year-to-date.
Access MER's Canopy Growth Corporation Research Report at:
https://marketedgereport.com/report/CGC/
Our Actionable Research on Aurora Cannabis Inc. (NYSE:ACB) and Canopy Growth Corporation (NYSE:CGC) can be downloaded free of charge at MarketEdge Report.
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SOURCE: MarketEdgeReport
