NEW YORK, NY / ACCESSWIRE / January 9, 2019 / U.S. equities closed up on Tuesday as market participants await details from the recent negotiations in Washington between U.S. and senior Chinese officials. According to Bloomberg, Chinese Vice Premier Liu He, who is considered to be a top adviser to Chinese President Xi Jinping, was in attendance. Dow Jones Industrial Average gained 1.09 percent to settle at 23,787.45, while S&P 500 increased 0.97 percent to close at 2,574.41. Nasdaq jumped 1.08 percent to close at 6,897.00.
According to the strategists at MRB Partners, "The U.S.-China power struggle will persist for years, but both economies are now slowing and neither government has the latitude to pursue policies that could threaten to trigger a global recession. The Argentina handshake will morph into a near-term truce."
The Market Edge Initiates Coverage on:
Aurora Cannabis Inc.
Tilray's stock jumped 15.8% Tuesday, to close the day at $83.26. The stock recorded a trading volume of 3,923,073 shares, which was above its three months average volume of 2,699,220 shares. In the last year, Tilray's shares have traded in a range of 20.10 - 300.00. The share price has gained 314.23% 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 $88.19 is below its 200-day moving average of $88.73. Shares of Tilray have fallen roughly 16.95 percent in the past month and are up 10.79 percent year-to-date.
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On Tuesday, shares of Aurora Cannabis recorded a trading volume of 13,902,189 shares, which was below the three months average volume of 14,164,622 shares. The stock ended the day 4.37% lower at $5.03. The share price has fallen 59.82% from its 52 week high with a 52 week trading range of 4.05 - 12.52. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $5.53 is below its 200-day moving average of $6.77. Shares of the company are trading at a Price to Earnings ratio of 23.29. Shares of Aurora Cannabis have fallen roughly 12.26 percent in the past month and are down 3.82 percent year-to-date.
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The Market Edge
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SOURCE: The Market Edge