Market Overview

It's Not As Easy As ACB: Aurora Cannabis Makes Rocky NYSE Debut

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It's Not As Easy As ACB: Aurora Cannabis Makes Rocky NYSE Debut

A big player in the marijuana market, Canadian company Aurora Cannabis (NYSE: ACB) opened itself to a broader investor base with its debut on an American exchange. 

The stock began trading on the NYSE Tuesday, Oct. 23. 

The Open

Aurora made its debut Tuesday, opening at $7.49 with a volume of approximately 4 million shares. The stock had many peaks and troughs throughout the day, but hit a high of $8.63 and a low of $7.01. It closed higher at $7.68.

Continuing Performance

Aurora's performance has not been stellar, as trading volume has trailed off gradually since the stock's listing. 

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Aurora's daily high has been lower than the day before in each session since its debut, reaching a low of $6.85. 

Competitors

Auroras listed during a sell-off that lasted for well over a week, with the cannabis sector in a decline. Other public companies in the sector such as Tilray (NASDAQ: TLRY) and Cronos Group (NASDAQ: CRON) were trading down as well. 

Price Action

Aurora shares were down 6.01 percent at $7.04 at the close Friday. 

Related Links: 

Easy As ACB? Another Cannabis Company To List On The NYSE 

Aurora Cannabis Strikes Deal For Preroll Technology 

Posted-In: Cannabis News IPOs Markets Best of Benzinga

 

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