Yahoo Finance Today's Research Reports on Trending Tickers: Aurora Cannabis and Aphria
NEW YORK, NY / ACCESSWIRE / December 12, 2018 / U.S. equities finished lower on Tuesday after bouncing between the red and green territory. The stocks gained more than 1% across the board on improving U.S.-China trade relations. Bloomberg news reported that China plans on cutting down tariffs on cars made in U.S., from the current 40% to 15%. However, stocks started moving in the opposite direction on the news of a contentious fight between President Donald Trump and Democratic leadership over border security. President Trump’s threat to shut down the government weighed on the markets. The Dow Jones Industrial Average dropped 0.22 percent to close at 24,370.24, while the S&P 500 Index decreased 0.04 percent to close at 2,636.78. The Nasdaq Composite Index gained 0.16 percent to close at 7,031.83.
According to the Chief Market Strategist of Prudential Financial, Quincy Crosby, "It is important for the market to get positive headlines at this time. The algorithms work instantaneously and if we get someone with an opposing view we could turn around."
The Market Edge Initiates Coverage on:
Aurora Cannabis Inc.
https://marketedgereport.com/report/ACB/
Aphria Inc.
https://marketedgereport.com/report/APHA/
Aurora Cannabis' stock jumped 3.49% Tuesday, to close the day at $5.93. The stock recorded a trading volume of 15,944,617 shares, which was above its three months average volume of 15,053,839 shares. In the last year, Aurora Cannabis' shares have traded in a range of 4.05 - 12.52. The share price has gained 46.42% 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 $6.53 is below its 200-day moving average of $6.97. Shares of the company are trading at a Price to Earnings ratio of 27.45. Shares of Aurora Cannabis have fallen roughly 18.66 percent in the past month and are down 22.28 percent year-to-date.
Access The Market Edge's Aurora Cannabis Inc. Research Report:
https://marketedgereport.com/report/ACB/
On Tuesday, shares of Aphria recorded a trading volume of 9,860,361 shares, which was above the three months average volume of 7,494,244 shares. The stock ended the day 9.45% higher at $6.14. The share price has fallen 54.35% from its 52 week high with a 52 week trading range of 3.75 - 13.45. The company's shares, which were already listed on the Toronto Stock Exchange, started trading on NYSE on October 23. Shares of Aphria have fallen roughly 50 percent since its listing on the NYSE.
Access The Market Edge's Aphria Inc. Research Report:
https://marketedgereport.com/report/APHA/
Our Actionable Research on Aurora Cannabis Inc. (NYSE:ACB) and Aphria Inc. (NYSE:APHA) can be downloaded free of charge at The Market Edge.
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SOURCE: The Market Edge
