Taking this into account, TD Cowen initiated its Aurora Cannabis Inc [ACB] rating to a Buy in a research note published recently. A number of analysts have revised their coverage, including Canaccord Genuity’s analysts, who increased its forecast for the stock in early February from “a Hold” to “a Buy”. Canaccord Genuity also remained covering ACB and has increased its forecast on September 21, 2022 with a “Hold” recommendation from previously “Sell” rating. Cantor Fitzgerald revised its rating on June 24, 2022. It rated ACB as “an Overweight” which previously was an “a Neutral”.
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Price Performance Review of ACB
On Friday, Aurora Cannabis Inc [NASDAQ:ACB] saw its stock jump 0.94% to $4.31. Over the last five days, the stock has lost -4.01%. Aurora Cannabis Inc shares have fallen nearly -9.49% since the year began. Nevertheless, the stocks have fallen -10.21% over the past one year. While a 52-week high of $9.35 was reached on 04/30/24, a 52-week low of $2.84 was recorded on 03/14/24. SMA at 50 days reached $5.02, while 200 days put it at $5.58.
Levels Of Support And Resistance For ACB Stock
The 24-hour chart illustrates a support level at 4.20, which if violated will result in even more drops to 4.10. On the upside, there is a resistance level at 4.38. A further resistance level may holdings at 4.46. The Relative Strength Index (RSI) on the 14-day chart is 39.45, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.13, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 75.89%. Stochastics %K at 18.50% indicates the stock is a buying.
How much short interest is there in Aurora Cannabis Inc?
A steep rise in short interest was recorded in Aurora Cannabis Inc stocks on 2024-11-29, growing by 1.57 million shares to a total of 4.38 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 2.81 million shares. There was a rise of 35.78%, which implies that there is a positive sentiment for the stock.
