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FinraMoving Average Convergence/Divergence oscillator (MACD) is one of the simplest and most effective momentum indicators available.
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Stock news
Hopes of nationwide legalization have triggered another rally in cannabis shares, and this time it’s all about big data, science and boosting market share
The bullish case for cannabis company Tilray Inc (NASDAQ: TLRY) can no longer be justified after the company's third-quarter earnings report showed stalling momentum in international markets, according to Jefferies.The Tilray Analyst: Owen Bennett downgraded Tilray from Hold to Underperform and lowered the price target from $5.60 to $4.77. The Tilray Thesis: A bullish stance on Tilray requires the company to "do very well" when legal cannabis accelerates internationally, Bennett said in a Monday...
Jefferies analyst Owen Bennett downgraded both Aurora Cannabis and Tilray to Underperform from Hold, and cut price targets. He thinks valuation is too stretched.
Lower-valued American cannabis stocks are set to outperform their Canadian rivals as U.S. legal pot sales outpace those north of the border.
With recreational cannabis use legal among adults in Canada and marijuana companies on the rise, there is an opportunity for imports to the U.S.
In rapid succession, marijuana producer Aurora Cannabis (NYSE: ACB) first saw its price target raised, then announced a big issuance and sale of stock, and then got its price target cut (along with its stock rating). Result: As of 10 a.m. EST, all three stocks are down significantly -- Hexo shares by 4.4%, Tilray by 9.6%, and Aurora Cannabis worst of all -- a staggering 20.1% loss. Most of today's news concerns Aurora Cannabis, so let's begin with that one -- and we'll begin on a happy note.
Pot stocks have been trading higher on the heels of Joe Biden being announced as the 2020 presidential election winner. The five states that passed legalization for adult-use cannabis and medical cannabis also bolstered the market.Today, we take a look at two of the hottest pot stocks on major exchanges in the United States.About Aurora: Aurora Cannabis (NYSE: ACB) operates in medical cannabis, consumer cannabis and hemp-derived CBD. It has low cost cultivation and global reach.Current productio...