Aurora Cannabis stock slides premarket as Piper initiates coverage with neutral rating [MarketWatch]
Aurora Cannabis stock slides premarket as Piper initiates coverage with neutral rating Piper Jaffray initiated coverage of a range of cannabis stocks on Tuesday, assigning overweight ratings, the equivalent of buy, to Cresco Labs Inc. CRLBF, -0.47% , Charlotte's Web Holdings Inc. CWBHF, +2.57% , CV Sciences Inc. CVSI, -1.28% , Cronos Group Inc. CRON, -1.13% CRON, +2.11% and Green Thumb Industries Inc. GTBIF, -3.49% , but rating Aurora Cannabis Inc. ACB, +0.80% ACB, +1.05% as neutral. "Aurora has a premium valuation relative to peers but less visibility on these key growth opportunities," said analysts led by Michael Lavery, referring to Canada, the EU, the U.S. CBD and U.S. THC markets. "It has leading scale in Canada, but oversupply looks likely in 2020 (analysis inside note). EU-GMP certification at scale is a slow, opaque process and still pending, and without visibility on US market entry (CBD or THC), Aurora's relatively rich valuation does not yet look
[Read more]
| Impact snapshot | Event time: | ACB | ||||
|---|---|---|---|---|---|---|
|
Last Price
|
Price Change
|
Price Change %
|
Volume Shares
|
Max Up
|
Max Down
|
Volume Ratio
%
|
Performance comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last price | ||
| VWAP | ||
|
High:
|
Max up |
High:
|
|
Low:
|
Max down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event Day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance Since Event
Time and Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
SIGN UP TODAY
Opt-in for
ACB alerts
ACB alerts
from News Quantified
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
ACB alerts
High impacting Aurora Cannabis, Inc news events
Weekly update
A roundup of the hottest topics
ACB
News
- Pessimism Is Surging With These 3 Pot Stocks [The Motley Fool]The Motley Fool
- Here’s Why Cannabis Stocks Will Fall Even Further In 2020 [The Motley Fool]The Motley Fool
- Rubicon Organics Completes First Commercial Harvest at Delta Facility and Submits Sales License Amendment with Health Canada [Canadian Business Journal (Canada)]Canadian Business Journal
- Why Aurora Cannabis Is Likely to Beat Canopy Growth in This Week's Earnings Battle [The Motley Fool]The Motley Fool
- Aurora Cannabis Announces 2019 AGM Voting ResultsPR Newswire
- More
ACB
SEC Filings
- 11/12/19 - Form 6-K
- 10/17/19 - Form 6-K
- 10/8/19 - Form 6-K
- ACB's page on the SEC website
- More