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0.00434719605854224 0.00449210259382697 0.00246341109984065 -0.00970873786407757 -0.00708882770612956 -0.0220257933632807 -0.0269526155629618 -0.0265178959571076
Stock impact report

Aurora Cannabis (ACB): Not All Reverse Splits Are Negative [Yahoo! Finance News]

Aurora Cannabis Inc. - Common Shares (ACB) 
Aurora Cannabis ACBReverse Stock Split DetailsThe Board of Directors has proposed that Aurora Cannabis complete a 1-for-12 reverse stock split. The company now lists 1,313,494,990 common shares outstanding leading to a post-split share count of 109,457,915 shares.The company forecasts the reverse split to take place around a month from now on May 11. Aurora Cannabis has an ongoing at-the-market equity plan suggesting additional shares will be sold to raise cash over the next month leading to a higher share count when the split is complete.The key to the reverse split is the stock has a market valuation below $1 billion before and after the split with the share price at $0.71 here. Aurora Cannabis would trade near $9 following the split without any further stock changes.Typically, stocks trade down after a split as the higher share price makes the stock appealing to short sellers again. Aurora Cannabis suggests FQ3 results were on plan for small sequential growth and the company remain Show less Read more
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