NEW YORK, NY / ACCESSWIRE / October 16, 2018 / U.S. markets failed to remain in the green on Monday as a technology sector selloff erased earlier gains. Tech giants Netflix and Apple both dropped more than 1.8 percent after analysts change their price targets on the stocks. The Dow Jones Industrial Average decreased 0.35 percent to close at 25,250.55, while the S&P 500 Index declined 0.59 percent to close at 2,750.79. The Nasdaq Composite Index closed down 0.88 percent to close at 7,430.74.
“While broader market performance and rising rates concerns have been more important factors for stock price performance, we believe that upside to consensus expectations and what the strength in subscriber net additions says about Netflix’s business, beyond just guidance for the next quarter, is likely to be a positive catalyst for the stock,” according to Goldman’s Heath Terry.
RDI Initiates Coverage on:
Aurora Cannabis Inc. https://rdinvesting.com/news/?ticker=ACBFF
Aphria Inc. https://rdinvesting.com/news/?ticker=APHQF
Aurora Cannabis’ stock jumped 11.03% Monday, to close the day at $11.68. The stock recorded a trading volume of 13,984,193 shares, which was above its three months average volume of 6,854,878 shares. In the last year, Aurora Cannabis’ shares have traded in a range of 2.11 – 12.30. The share price has gained 453.55% 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 $8.32 is above its 200-day moving average of $6.77. Shares of the company are trading at a Price to Earnings ratio of 103.36. Shares of Aurora Cannabis have gained roughly 79.14 percent in the past month and are up 53.08 percent year-to-date.
Access RDI’s Aurora Cannabis Inc. Research Report at: https://rdinvesting.com/news/?ticker=ACBFF
On Monday, shares of Aphria recorded a trading volume of 2,509,681 shares, which was above the three months average volume of 1,995,370 shares. The stock ended the day 4.78% higher at $15.35. The share price has fallen 22.75% from its 52 week high with a 52 week trading range of 5.07 – 19.87. The company’s shares are currently trading above their 200-day moving average. The stock’s 50-day moving average of $14.23 is above its 200-day moving average of $10.02. Shares of the company are trading at a Price to Earnings ratio of 113.70. Shares of Aphria have gained roughly 2.46 percent in the past month and are up 4.07 percent year-to-date.
Access RDI’s Aphria Inc. Research Report at: https://rdinvesting.com/news/?ticker=APHQF
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