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Pot Stock Falling With Bullish Sentiment Tuesday: Should You Add Tilray Inc (TLRY) To Your Portfolio?

Tuesday, May 03, 2022 03:03 PM | InvestorsObserver Analysts

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Pot Stock Falling With Bullish Sentiment Tuesday: Should You Add Tilray Inc (TLRY) To Your Portfolio?

TLRY stock is lower by 0.86% Tuesday as the pot stock decreases $0.05 and underperforms the market. Tilray Inc (TLRY) stock has gained 2.37% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Sentiment Score - ,bullish
Tilray Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on TLRY!

What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With TLRY Stock Today?

Tilray Inc (TLRY) stock is trading at $5.19 as of 2:50 PM on Tuesday, May 3, a loss of -$0.05, or -0.86% from the previous closing price of $5.23. The stock has traded between $5.14 and $5.40 so far today. Volume today is less active than usual. So far 13,001,278 shares have traded compared to average volume of 50,857,811 shares. To see InvestorsObserver's Sentiment Score for Tilray Inc click here.

More About Tilray Inc

Tilray is a Canadian producer that cultivates and sells medical and recreational cannabis. In 2021, legacy Aphria acquired legacy Tilray in a reverse merger and renamed itself Tilray. The bulk of its sales are in Canada and in the international medical cannabis export market. U.S. exposure consists of CBD products through Manitoba Harvest and beer through SweetWater. Click Here to get the full Stock Report for Tilray Inc stock.

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