Aurora Cannabis, Inc. ACBFF – Recap
We threw ACBFF into our watchlist this week after it was revealed that the company was in talks with Coca-Cola to team up to create cannabis-infused beverages, but it’s not nearly the first time we’ve talked about this play.
Prior to yesterday morning, our next most recent mention of the stock was as part of our Cannabis Reminder watchlist on August 13th, and the next day the stock saw a low of 4.04.
Yesterday, most likely primarily as a result of the Coke news, the stock shot to an even eight dollars. That’s an overall increase of 98% in just under five weeks. We’re also reaching the prime time of year for the marijuana industry at large, so we’re definitely going to continue to stay focused on the sector.
New Age Beverage Holdings, Inc. NBEV
Early this month (4th-6th) we began talking about NBEV, and in that short time the stock has provided us with some very nice volatility and opportunities for swing trades.
On the 5th of this month, we saw a low of 1.50 and subsequent high of 2.45 for a move of 63% That was followed by a pullback to 1.53 at the end of last week, and yesterday the stock ran back to 2.35, a move of 54%
We’ll be interested to continue tracking NBEV for the possibility of breaking resistance at 2.45 and seeing new highs.