RE:RE:CBC news - ACB will be trading on NYSE next week !!!krisruna wrote: (1) Canopy NYSE volume is 3 times TSX volume.
(2) Similar thing can happen to ACB. NYSE volume may be 3 times TSX volume. TSX volume is already very high, so NYSE + TSE volume may be very very high.
(3) I do not think NYSE helped Canopy price to rise. However, NYSE listing is still a good thing in the long run. It is a pretty good exposure (always good for any stock).
Also, after NYSE listing, Institutional + Mutual fund holding will improve (which is always beneficial).
So, NYSE listing will have indirect long term benefit to ACB (my opinion). Thanks.
Aurora doesn't need any more volume. It has too much now as it is. Along with the increased volume you have higher volatility that whiplashes the stock around too easily. A few million shares traded is reasonable but not 150 million in just 2 days.
Shareholders wanted a listing on the NYSE for a reason. It helps to get the company better noticed internationally by being listed on one the most prestigious exchanges in the world. If you want to rub elbows with the big money this is where you have to be not the TSX.
When all is said and done the company still has to go and prove itself but it's good to know that the right people with deep pockets will now be watching Aurora more closely. Maybe the CEO will get an invite on CNBC now?