Aurora Cannabi Stock Updates and Guide скачать в хорошем качестве

Aurora Cannabi Stock Updates and Guide

Aurora Cannabis (NYSE: ACB) somehow got even uglier at the start of 2020. But with earnings on tap this week, is there a light at the end of the tunnel for Aurora stock? Let’s examine what’s driving the price action and technical picture. And then I’ll recommend a stronger risk-adjusted strategy for investors. Almost any investor with even a passing interest in the stock market knows last year was a painful one for Aurora Cannabis. Shares were down nearly 70% in 2019 — not that Canada’s second-largest cannabis producer was alone in that regard. Bearish industry conditions backed by overzealous forecasts, oversupply, distribution delays, and regulatory red tape took its toll on almost every cannabis producer. From one-time untouchable Tilray (NASDAQ: TLRY) to the industry’s current top dog Canopy Growth (NYSE: CGC), no company was immune to last year’s bear market. And 2020 hasn’t been any easier for Aurora shareholders. Ominous cash flow and debt warnings from Wall Street’s analyst community which weighed on shares in early January found fresh strength this past Friday. Aurora Cannabis tumbled roughly 15% and back toward its year-to-date low. The drop followed a preemptive strike from the company’s management in front of Thursday’s earnings release. In a nutshell, Aurora’s brass issued a sales warning, a significant restructuring plan, and the departure of its CEO amid “sweeping changes” for the company. The “business transformation plan” included sizable layoffs and a massive write-off tied to the company’s South American and European operations. The moves are expected to help Aurora remain debt compliant in the near term, to focus on its core Canadian recreational and medicinal businesses, and improve the company’s longer-term financial prospects. (This presentation contains images that were used under a Creative Commons License. Click here to see the full list of images and attributions: https://link.attribute.to/cc/1044446) For Useful and Informative future videos click bellow. https://bit.ly/34UmQQQ aurora cannabi stock