Canadian marijuana stocks are having a moment in the sun today. Shares of Aurora Cannabis (NASDAQ: ACB) are up by a healthy 7.4%, while Canopy Growth (NASDAQ: CGC) stock is higher by 14.3%, and Tilray Brands' (NASDAQ: TLRY) equity is in the green by 5.6%, as of 12:35 p.m. ET Thursday. The U.S. Labor Department announced this morning that the Cosumer Price Index (CPI) increased by 7.7% in October relative to the same month a year ago, which represents the smallest rise in the CPI so far this year. Read More...
Motley Fool
Why QuantumScape Plunged Today
Shares of solid-state electric battery-maker QuantumScape (NYSE: QS) were in freefall today, down 14% as of 3:21 p.m EST. The company reported third-quarter earnings at the end of October, but today’s move was likely caused by a big analyst downgrade, sending the stock even lower than many other EV stocks, which also generally had a bad day today. This morning, Morgan Stanley analyst Adam Jonas issued a note on QuantumScape, downgrading his rating to the equivalent of a “sell,” while lowering his price target on the stock from $12 to just $4.
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