TLRY, a player in the cannabis market, is higher by 3.57% Tuesday as it outperforms the market as a whole. The market has been neutral on Tilray Inc (TLRY) stock recently. TLRY gets a Neutral score from InvestorsObserver Stock Sentiment Indicator.
Tilray Inc has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on TLRY!
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
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 $5.51 as of 12:41 PM on Tuesday, Mar 22, a rise of $0.19, or 3.57% from the previous closing price of $5.32. The stock has traded between $5.29 and $5.61 so far today. Volume today is low. So far 8,434,153 shares have traded compared to average volume of 17,935,618 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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