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Barchart
Barchart
Josh Enomoto

If You Have $30 to Spare, Consider Betting on Aurora Innovations Stock

If you’ve ever wondered why the NFL has become so pass-heavy, it comes down to simple math. You stand a better chance of gaining yardage through the air rather than grinding it out on the ground. It’s the same principle with Aurora Innovations (AUR). Yes, it’s a penny stock and no, it’s not the least bit trustworthy. You don't put your life savings into this name. Still, you don’t always ignore it.

AUR stock isn’t going to make most investors comfortable; let’s just be real. Currently, it features a 40% Sell rating by the Barchart Technical Opinion indicator. I would propose to you that this is the least of its problems. Just yesterday, Aurora lost more than 12% of market value. Since its introduction as a publicly traded security — delivered via a special purpose acquisition company, no less — the ticker has tanked nearly 47%.

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