Advertisement
Canada markets close in 3 hours 20 minutes
  • S&P/TSX

    21,764.07
    +55.63 (+0.26%)
     
  • S&P 500

    4,967.06
    -44.06 (-0.88%)
     
  • DOW

    37,840.11
    +64.73 (+0.17%)
     
  • CAD/USD

    0.7269
    +0.0006 (+0.08%)
     
  • CRUDE OIL

    82.84
    +0.11 (+0.13%)
     
  • Bitcoin CAD

    87,716.66
    +11.38 (+0.01%)
     
  • CMC Crypto 200

    1,369.48
    +56.86 (+4.33%)
     
  • GOLD FUTURES

    2,407.00
    +9.00 (+0.38%)
     
  • RUSSELL 2000

    1,938.56
    -4.40 (-0.23%)
     
  • 10-Yr Bond

    4.6150
    -0.0320 (-0.69%)
     
  • NASDAQ

    15,314.50
    -287.00 (-1.84%)
     
  • VOLATILITY

    18.99
    +0.99 (+5.50%)
     
  • FTSE

    7,895.85
    +18.80 (+0.24%)
     
  • NIKKEI 225

    37,068.35
    -1,011.35 (-2.66%)
     
  • CAD/EUR

    0.6825
    +0.0004 (+0.06%)
     

Is Aurora Cannabis Headed for Another Reverse Stock Split?

Is Aurora Cannabis Headed for Another Reverse Stock Split?

Did you know that in five years, shares of Aurora Cannabis (NASDAQ: ACB) have plunged an incredible 99%? In 2020, the company did a 1-for-12 reverse stock split to help get it comfortably up over $1 to stay listed on the NYSE and to give it a bit of a buffer as well, presumably so it wouldn't need to do another reverse split for some time. It would require a copious amount of optimism to be bullish on Aurora's prospects right now.