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Full Answer
Why is Tilray stock dropping?
Jan 21, 2021 · In a December 2020 business update, Aurora said it was "responsibly scaling back production from our fixed asset network" after closing its Aurora Sun facility and cutting production at another...
Why is nano dropping so much?
Apr 08, 2022 · Headline. Aurora Innovation (NASDAQ:AUR) Trading Down 4.9%. americanbankingnews.com - April 8 at 12:46 PM. Aurora Innovation (NASDAQ:AUR) Shares Gap Down to $6.46. americanbankingnews.com - April 7 at 11:48 AM. Notice to attend the Annual General Meeting in Auriant Mining AB (publ.) finance.yahoo.com - April 7 at 9:38 AM.
Why is Alcoa stock dropping?
Jan 14, 2020 · F ourth-quarter earnings are expected to drop 2.6%. Can Aurora Cannabis can pay back its debt? And why Delta Air Lines stock trades at a big discount. Listen to Tuesday morning’s episode of our ...
Why are marijuana stocks dropping?
May 13, 2021 · What happenedOn a bright day for the stock market in general -- the S&P 500 is up a solid 1.5% -- marijuana stocks are wilting today. As …
Why is Aurora stock dropping so much?
In September 2020, Aurora Cannabis reportedly lost more than C$3.3 billion in its recently concluded fiscal year which caused shares to drop roughly 10% in after-hours trading.
Is Aurora stock a good buy?
So, should I buy Aurora Cannabis stock? Aurora Cannabis is a loss-making company struggling with tepid revenue growth and shareholder dilution. It's a high-risk bet even after losing 90% in market value in the last three years. There are far better growth stocks that you can buy right now.Dec 30, 2021
Why is TLRY stock dropping?
Tilray and other pot stocks on major U.S. exchanges are well down from last year. Competition in Canada, continued losses and executive missteps have kept share prices lower. The meme-stocks frenzy that drove some cannabis names higher last year has also faded.5 days ago
Will Aurora go back up?
Aurora was once considered the leading light among Canadian cannabis stocks. Perhaps after a trying 2021, it can regain some of its luster in 2022 with a nice rise in its share price.Jan 28, 2022
How much will Aurora stock go up?
Stock Price Forecast The 10 analysts offering 12-month price forecasts for Aurora Cannabis Inc have a median target of 5.06, with a high estimate of 5.99 and a low estimate of 2.76. The median estimate represents a +41.59% increase from the last price of 3.58.
Is Tilray stock expected to rise?
Stock Price Forecast The 16 analysts offering 12-month price forecasts for Tilray Brands Inc have a median target of 8.00, with a high estimate of 23.00 and a low estimate of 5.50. The median estimate represents a +32.67% increase from the last price of 6.03.
Does Tilray stock pay dividends?
Currently, Tilray does not offer a dividend or a dividend reinvestment program.
Will Tilray stock go up tomorrow?
Tomorrow's movement Prediction of Tilray, Inc. TLRY as on 08 Apr 2022 appears undecisive. It can be Bearish or Bullish. You should wait for the first half to take a decision on this stock....Munafa value: 44 as on 08 Fri Apr 2022.Downside target5.95Upside target6.76Upside target6.93Upside target7.396 more rows
Aurora vs. Cannabis Market
First of all, let's see if the common notion is actually correct and whether Aurora has underperformed the market. Looking at its own share price for this year so far, we can see that the stock has experienced a prolonged selloff since the February crash and lost more than 50% of its value at one point.
Why the Disconnect?
For those of you wondering why Aurora shares have been such a laggard among the large-cap peers, we offer a few potential reasons.
Looking Ahead
Given our discussion of the reasons above, we think the share price has potentially been oversold and is now consolidating near a level that is presenting buying opportunities in the near future.
The Canadian cannabis producer delivered much worse-than-expected fiscal 2020 first-quarter results
Keith began writing for the Fool in 2012 and focuses primarily on healthcare investing topics. His background includes serving in management and consulting for the healthcare technology, health insurance, medical device, and pharmacy benefits management industries. Follow @keithspeights
What happened
Aurora Cannabis ( NASDAQ:ACB) shares were tanking 8.8% lower as of 10:03 a.m. EST on Friday after falling as much as 17.3% earlier in the morning. This marks the second consecutive day of double-digit declines for the Canadian marijuana stock.
So what
Were Aurora's Q1 results bad enough to warrant such a big sell-off? The extent of how low the stock should go is debatable, but the results were really bad.
Now what
Aurora is suspending efforts to finish construction on its Aurora Nordic 2 facility and on its Aurora Sun facility. The company expects these moves to cut capital expenditures by close to CA$190 million.
