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Aphria (NYSE: APHA) stock crashed on Monday, with shares plunging 19.5% as of 11:41 a.m. EST after falling as much as 29% earlier in the day. This huge drop came after hedge fund manager Gabriel ...
For investors considering buying Aphria stock now, there's another perspective. The stock issued to fund the LATAM Holdings transaction diluted existing Aphria shares by between 6% and 7%.
Green Growth stated that the proposed deal would value Aphria at $11 Canadian per share ($8.08), which represented a 46% premium over Aphria's closing price on Dec. 24.
The stock price Long term, Aphria remains a good play as long as it remains profitable. In the short term, all of this drama is going to weigh on things. Let's face it.
If you answered Aphria (APHA), pat yourself on the back. However, don't get too excited about Aphria beating its rivals. Its stock price is still in negative territory.
Still, Aphria investors who bought one year ago and held on have generated a big return on their investment. In fact, $1,000 in Aphria stock bought on April 13, 2020, would be worth about $4,336 ...
What happenedShares of Aphria (NASDAQ: APHA) jumped 9.6% on Tuesday after an analyst lifted his price target for the popular cannabis stock.
Lingering concerns about allegations of impropriety in an acquisition deal and global economic worries are weighing on the marijuana stock.
Today's jump enabled Aphria's share price to climb back to a little higher than where it was before the short-seller allegations went public.
Concerning allegations contributed to the marijuana stock's fall. But could Aphria now be a bargain?