Today’s Research Reports on Trending Tickers: Aurora Cannabis and Akorn

NEW YORK, NY / ACCESSWIRE / July 30, 2018 / U.S. markets plunged on Friday, after Twitter reported disappointing second quarter earnings and gross domestic product reflected fairly strong economic growth, however was lower than expected. The Dow Jones Industrial Average fell 0.30 percent to close at 25,451.06, while the S&P 500 Index was down 0.66 percent to close at 2,818.82. The Nasdaq Composite Index dropped 1.46 percent to close at 7,737.42.

“A strong GDP number – and 4.1% is still a good number, even if it was a bit below consensus – will signal that the Fed can continue with its plan for rate increases. That will be top of mind for investors today,” said director of investment management for Huntington Private Bank, Chad Oviatt.

“We remain fairly constructive about equities. Generally speaking there’s a lot of confidence about earnings growth, and the number of firms that are meeting or beating expectations, even in light of names like Facebook,” he added.

RDI Initiates Coverage on:

Aurora Cannabis Inc.
https://rdinvesting.com/news/?ticker=ACBFF

Akorn, Inc.
https://rdinvesting.com/news/?ticker=AKRX

Aurora Cannabis’ stock moved 1.71% higher Friday, to close the day at $5.35. The stock recorded a trading volume of 1,174,930 shares, which was below its three months average volume of 1,768,880 shares. In the last year, Aurora Cannabis’ shares have traded in a range of 1.81 – 12.30. The share price has gained 195.58% from its 52 week low. The company’s shares are currently trading below their 200-day moving average. The stock’s 50-day moving average of $6.65 is below its 200-day moving average of $7.45. Shares of Aurora Cannabis have fallen roughly 24.33 percent in the past month and are down 29.88 percent year-to-date.

Access RDI’s Aurora Cannabis Inc. Research Report at:
https://rdinvesting.com/news/?ticker=ACBFF

On Friday, shares of Akorn recorded a trading volume of 1,054,677 shares, which was below the three months average volume of 2,824,026 shares. The stock ended the day 3.58% higher at $18.23. The share price has fallen 45.82% from its 52 week high with a 52 week trading range of 10.76 – 33.65. The company’s shares are currently trading below their 200-day moving average. The stock’s 50-day moving average of $16.68 is below its 200-day moving average of $20.10. Shares of Akorn have gained roughly 9.89 percent in the past month and are down 43.44 percent year-to-date.

Access RDI’s Akorn, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=AKRX

Our Actionable Research on Aurora Cannabis Inc. (OTCQX: ACBFF) and Akorn, Inc. (NASDAQ: AKRX) can be downloaded free of charge at Research Driven Investing.

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Disclaimer: This article is written by an independent contributor of RDInvesting.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. RDInvesting.com is neither a registered broker-dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

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