NEW YORK, NY / ACCESSWIRE / September 10, 2018 / Wall Street plunged on Friday after the Trump administration announced tariffs on another $267 billion worth of Chinese goods, pressuring the S&P 500 and Nasdaq to close down for the fourth consecutive session. The Dow Jones Industrial Average declined 0.31 percent to close at 25,916.54, while the S&P 500 Index decreased 0.22 percent to close at 2,871.68. The Nasdaq Composite Index fell 0.25 percent to close at 7,902.54. For the week Nasdaq slumped 2.6 percent, while Dow Jones and S&P 500 shed 0.2 percent and 1.0 percent, respectively.
“The tech weakness and trade do concern me to a degree. You don’t have a good market if tech isn’t a leader, and there’s no doubt that tariffs and weakness in China could become a bigger concern if the issue starts to spill out over into the U.S. more,” said Wayne Kaufman, Phoenix Financial Services’ chief market analyst.
RDI Initiates Coverage on:
Aurora Cannabis Inc.
Aphria’s stock moved 4.72% lower Friday, to close the day at $15.49. The stock recorded a trading volume of 3,837,135 shares, which was above its three months average volume of 1,337,776 shares. In the last year, Aphria’s shares have traded in a range of 4.92 – 19.87. The share price has gained 214.84% from its 52 week low. The company’s shares are currently trading above their 200-day moving average. The stock’s 50-day moving average of $9.58 is above its 200-day moving average of $9.34. Shares of the company are trading at a Price to Earnings ratio of 114.74. Shares of Aphria have gained roughly 94.84 percent in the past month and are up 5.02 percent year-to-date.
Access RDI’s Aphria Inc. Research Report at:
On Friday, shares of Aurora Cannabis recorded a trading volume of 3,450,276 shares, which was above the three months average volume of 2,752,439 shares. The stock ended the day 1.51% lower at $6.17. The share price has fallen 49.84% from its 52 week high with a 52 week trading range of 2.09 – 12.30. The company’s shares are currently trading below their 200-day moving average. The stock’s 50-day moving average of $5.64 is below its 200-day moving average of $6.66. Shares of Aurora Cannabis have gained roughly 29.08 percent in the past month and are down 19.13 percent year-to-date.
Access RDI’s Aurora Cannabis Inc. Research Report at:
Our Actionable Research on Aphria Inc. (OTCMKTS:APHQF) and Aurora Cannabis Inc. (OTCMKTS:ACBFF) can be downloaded free of charge at Research Driven Investing.
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