Acb stock price
Marijuana stocks jumped on the news, with Canopy Growth (CGC) rising 18%, Aurora Cannabis (ACB) increasing 25%, Cronos Group (CRON) moving 15% higher, and Tilray Brands (TLRY) skyrocketing 42%. While many of those names are giving back their gains in subsequent days, an out-of-the-way marijuana stock barely budged. Therefore, while the consensus price target may not be a reliable indicator of how much ACB could gain, the direction of price movement it implies does appear to be a good guide. ACB stock price saw a minor pullback earlier this week before regaining momentum. Technical charts indicate support at $0.50, with RSI trending toward oversold levels suggesting a near-term bounce. Cannabis industry analysts forecast gradual recovery if production costs keep declining.
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