Yahoo Finance Today's Research Reports on Trending Tickers: Canopy Growth and Aphria
NEW YORK, NY / ACCESSWIRE / October 29, 2018 / U.S. equities rolled back on Friday as disappointing corporate earnings added to the bearish sentiment in the market. The Dow Jones Industrial Average shed 1.19 percent to close at 24,688.31, while the S&P 500 Index decreased 1.73 percent to close at 2,658.69. The Nasdaq Composite Index dropped 2.06 percent to close at 7,167.21. For the week, the Dow Jones is down 3 percent, the S&P 500 and the Nasdaq lost 3.9 percent and 3.8 percent respectively.
According to Kelly Bogdanova, vice president of portfolio advisory group at RBC Wealth Management, “The market’s mood swings have been unsettling, but the underlying conditions that triggered the rout are unlikely to shatter the economic or earnings cycles. We think this will all sort out, but it will take some time.”
RDI Initiates Coverage on:
Canopy Growth Corporation
https://rdinvesting.com/news/?ticker=CGC
Aphria Inc.
https://rdinvesting.com/news/?ticker=APHQF
Canopy Growth's stock moved 1.95% lower Friday, to close the day at $38.70. The stock recorded a trading volume of 8,200,132 shares, which was below its three months average volume of 13,686,853 shares. In the last year, Canopy Growth's shares have traded in a range of 16.74 - 59.25. The share price has gained 131.18% from its 52 week low. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $48.33 is above its 200-day moving average of $34.33. Shares of Canopy Growth have fallen roughly 20.44 percent in the past month and are up 49.37 percent year-to-date.
Access RDI's Canopy Growth Corporation Research Report at:
https://rdinvesting.com/news/?ticker=CGC
On Friday, shares of Aphria recorded a trading volume of 1,534,648 shares, which was below the three months average volume of 2,303,887 shares. The stock ended the day 4.84% lower at $11.79. The share price has fallen 40.66% from its 52 week high with a 52 week trading range of 5.49 - 19.87. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $14.18 is above its 200-day moving average of $10.37. Shares of the company are trading at a Price to Earnings ratio of 87.33. Shares of Aphria have fallen roughly 15.39 percent in the past month and are down 20.07 percent year-to-date.
Access RDI's Aphria Inc. Research Report at:
https://rdinvesting.com/news/?ticker=APHQF
Our Actionable Research on Canopy Growth Corporation (NYSE :CGC) and Aphria Inc. (OTCMKTS :APHQF) can be downloaded free of charge at Research Driven Investing.
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SOURCE: RDInvesting.com
