Canada markets close in 4 hours 51 minutes
  • S&P/TSX

    20,089.73
    -90.08 (-0.45%)
     
  • S&P 500

    4,266.30
    -13.85 (-0.32%)
     
  • DOW

    33,703.28
    -57.77 (-0.17%)
     
  • CAD/USD

    0.7745
    -0.0084 (-1.08%)
     
  • CRUDE OIL

    88.21
    -3.88 (-4.21%)
     
  • BTC-CAD

    31,152.39
    -696.14 (-2.19%)
     
  • CMC Crypto 200

    573.14
    -17.62 (-2.98%)
     
  • GOLD FUTURES

    1,794.30
    -21.20 (-1.17%)
     
  • RUSSELL 2000

    2,002.35
    -14.27 (-0.71%)
     
  • 10-Yr Bond

    2.7770
    -0.0720 (-2.53%)
     
  • NASDAQ

    13,012.28
    -34.91 (-0.27%)
     
  • VOLATILITY

    20.38
    +0.85 (+4.35%)
     
  • FTSE

    7,504.44
    +3.55 (+0.05%)
     
  • NIKKEI 225

    28,871.78
    +324.80 (+1.14%)
     
  • CAD/EUR

    0.7603
    -0.0024 (-0.31%)
     

Why Aurora Cannabis Stock Spiked Today

·2 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

Aurora Cannabis' (NASDAQ: ACB) stock had ratcheted upward by more than 8.1% on Friday at 10:11 a.m. ET after a Cantor Fitzgerald analyst, Pablo Zuanic, adjusted his outlook on the company from neutral to overweight, citing its favorable positioning within the rapidly growing European cannabis market. The upgrade is a welcome reprieve for shareholders, as analysts have overwhelmingly rated Aurora as a hold rather than a buy this year, with a few recommending to sell. The analyst's new outlook is surprising, considering that over the last year, Aurora's quarterly revenue has fallen by more than 10.8%, its total quarterly expenses have risen by above 13.1%, and its quarterly revenue as a proportion of expenses has risen sharply.

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting