Tilray Inc is a player in the cannabis industry that is higher by 0.61% Monday. Tilray Inc (TLRY) stock has gained 5.40% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.
Tilray Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on TLRY!
Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.
As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.
Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With TLRY Stock Today?
Tilray Inc (TLRY) stock is trading at $3.32 as of 10:13 AM on Monday, Jul 18, an increase of $0.02, or 0.61% from the previous closing price of $3.30. The stock has traded between $3.32 and $3.39 so far today. Volume today is less active than usual. So far 5,302,093 shares have traded compared to average volume of 22,079,419 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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