Tilray Brands stock falls 1.77% and underperforms market
Updated
Updated · MarketWatch · May 7
Tilray Brands stock falls 1.77% and underperforms market
12 articles · Updated · MarketWatch · May 7
The shares closed at $5.56 on Friday, marking a second straight daily loss as the Nasdaq rose 1.71% and the Dow Jones Industrial Average edged up 0.02%.
Tilray ended 76.03% below its 52-week high of $23.20 reached on 9 October, while trading volume of 4.4 million was 437,002 below its 50-day average.
The latest decline followed a 1.74% drop to $5.66 on Thursday, when the stock also lagged the broader market during a weaker overall session.
With record sales and major federal policy wins, why is Tilray's stock still plummeting?
The US just reclassified marijuana. Will this historic move create a windfall for Tilray or a regulatory nightmare?