Cannabis Watch: Aurora Cannabis rallies and lifts cannabis stocks after offering revenue guidance [MarketWatch]
Aurora Cannabis rallies and lifts cannabis stocks after offering revenue guidance Aurora Cannabis shares rallied as much as 14% and helped pull the cannabis sector higher Tuesday, with the recovery in broader markets following Monday’s rout adding to the move. The Dow Jones Industrial Average was last up 75 points, after losing 767 points Monday in the biggest one-day loss of 2019. The selloff came after China allowed its currency to rise above 7 yuan for the first time in a decade, after President Donald Trump announced tariffs on another $300 billion of Chinese imports. The U.S. responded by calling China a currency manipulator. Don’t miss: Why a falling Chinese yuan crushed the stock market and intensified the trade war Aurora’s stock ACB, +8.89% ACB, +5.48% rose after it issued guidance for its fiscal fourth quarter, even though the revenue forecast was “lighter than we/the Street modeled,” as Cowen analyst Vivien Azer described it. Aurora said it expects to deliver rev
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- 2 Ways Aurora Cannabis Is Shooting Itself in the Foot [The Motley Fool]The Motley Fool
- 3 Pot Stocks to Avoid Like the Plague in June [The Motley Fool]The Motley Fool
- Forget Aurora: This Little-Known Pot Stock Could Double [The Motley Fool]The Motley Fool
- Aurora Cannabis Completes Balance Sheet RestructuringPR Newswire
- Thinking about trading options or stock in Alibaba, Legend Biotech, Veeva Systems, Tesla, or Aurora Cannabis?PR Newswire
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