NEW YORK, NY / ACCESSWIRE / January 25, 2019 /U.S. equities were mixed on Thursday as stronger-than-expected quarterly earnings werent enough to outweigh concerns of a global economic slowdown. The Dow Jones Industrial Average was down 0.09 percent to settle at 24,553.24, while the S&P 500 climbed 0.14 percent to close at 2,642.33. The Nasdaq jumped 0.68 percent to settle at 7,073.46.
"We've seen Q4 growth slightly edge up," said Erin Gibbs, portfolio manager at S&P Global. "We're even starting to see 2019 earnings revise up, and it's still very early in the season," Gibbs added.
The Market Wealth Report Initiates Coverage on:
Aurora Cannabis Inc.
Aurora Cannabis' stock jumped 6.95% Thursday, to close the day at $6.62. The stock recorded a trading volume of 15,621,941 shares, which was below its three months average volume of 16,549,422 shares. In the last year, Aurora Cannabis' shares have traded in a range of 4.05 - 12.52. The share price has gained 63.46% 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 $5.70 is below its 200-day moving average of $6.71. Shares of the company are trading at a Price to Earnings ratio of 30.65. Shares of Aurora Cannabis have gained roughly 32.4 percent in the past month and are up 33.47 percent year-to-date.
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On Thursday, shares of Tilray recorded a trading volume of 2,531,033 shares, which was below the three months average volume of 2,945,519 shares. The stock ended the day 3.09% higher at $73.96. The share price has fallen 75.35% from its 52 week high with a 52 week trading range of 20.10 - 300.00. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $79.60 is below its 200-day moving average of $88.25. Shares of Tilray have gained roughly 3.61 percent in the past month and are up 4.85 percent year-to-date.
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SOURCE: Market Wealth Report