Yahoo Finance Today's Research Reports on Trending Tickers: Aurora Cannabis and Canopy Growth
NEW YORK, NY / ACCESSWIRE / December 18, 2018 / U.S. equities extended losses on Monday as investors await details from the Federal Reserve's final policy meeting of 2018 on Wednesday. The Dow Jones Industrial Average declined 2.11 percent to close at 23,592.98, while the S&P 500 Index fell 2.08 percent to close at 2,545.94. The Nasdaq Composite Index plunged 2.27 percent to close at 6,753.73.
The SEIA’s Director of Trading Operations, Vincent Reyes said that “the market feels like the Fed has to hike Wednesday,” to keep its image of independence despite request from the president to cease increase in rates. “But the logic for hiking is weak,” he added.
The Market Edge Initiates Coverage on:
Aurora Cannabis Inc.
https://marketedgereport.com/report/ACB/
Canopy Growth Corporation
https://marketedgereport.com/report/CGC/
Aurora Cannabis' stock moved 5.46% lower Monday, to close the day at $5.54. The stock recorded a trading volume of 10,544,659 shares, which was below its three months average volume of 15,439,550 shares. In the last year, Aurora Cannabis' shares have traded in a range of 4.05 - 12.52. The share price has gained 36.79% 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 $6.29 is below its 200-day moving average of $6.96. Shares of the company are trading at a Price to Earnings ratio of 25.65. Shares of Aurora Cannabis have fallen roughly 13.44 percent in the past month and are down 27.39 percent year-to-date.
Access The Market Edge's Aurora Cannabis Inc. Research Report:
https://marketedgereport.com/report/ACB/
On Monday, shares of Canopy Growth recorded a trading volume of 5,272,989 shares, which was below the three months average volume of 13,133,532 shares. The stock ended the day 5.01% lower at $29.37. The share price has fallen 50.43% from its 52 week high with a 52 week trading range of 16.74 - 59.25. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $49.51 is above its 200-day moving average of $34.05. Shares of Canopy Growth have fallen roughly 16.59 percent in the past month and are up 13.36 percent year-to-date.
Access The Market Edge's Canopy Growth Corporation Research Report:
https://marketedgereport.com/report/CGC/
Our Actionable Research on Aurora Cannabis Inc. (NYSE:ACB) and Canopy Growth Corporation (NYSE:CGC) can be downloaded free of charge at The Market Edge.
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SOURCE: MarketEdgeReport
