Tilray Inc. ($TLRY) Stock Forecast: Down 6.1% Today

What is Tilray Inc.?

Tilray Brands, Inc. (TLRY) is a leading cannabis company known for its innovative products and global presence. The stock is a key player in the volatile cannabis market.

Why is Tilray Inc. going down?

TLRY stock is down 6.1% on Dec 13, 2024 14:35

• TLRY stock closed at $1.26 with a -1.56% shift.
• The overall market was gaining, indicating that TLRY's decline was specific to the company rather than a broader market trend.
• The dip in TLRY stock could be attributed to internal company factors such as poor earnings, regulatory challenges, or strategic setbacks.
• Investors might be reacting to negative news or concerns about TLRY's future growth prospects, leading to the bearish movement despite the positive market conditions.

TLRY Price Chart

TLRY Technical Analysis

TLRY News

Tilray Brands, Inc. ( TLRY ) Stock Dips While Market Gains: Key Facts

In the most recent trading session, Tilray Brands, Inc. (TLRY) closed at $1.26, indicating a -1.56% shift from the previous trading day.

https://www.zacks.com/stock/news/2382452/tilray-brands-inc-tlry-stock-dips-while-market-gains-key-facts

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Tilray Inc. Price History

30.08.2024 - TLRY Stock was up 5.9%

• The announcement of Tilray Brands launching a new line of hemp-derived Delta-9 THC beverages in key U.S. markets could have sparked investor interest and optimism in the company's growth potential.
• The introduction of Shock Top's new product, LiiT Hard Iced Tea, under Tilray's U.S. Portland brand, might have contributed to positive sentiment around the company's diversification and expansion strategies.
• Despite the overall market sinking, Tilray's stock remaining flat in one assessment and yet exceeding market returns in another could indicate resilience and attractiveness to investors amidst broader market fluctuations.
• The combination of product innovation, market expansion, and positive financial performance could have fueled bullish momentum for Tilray's stock today.

22.09.2024 - TLRY Stock was up 5.6%

• TLRY's bullish movement could be attributed to the announcement of its fall craft beer lineup, which could have generated excitement and positive sentiment among investors.
• The introduction of new fall-themed products across its craft beer and beverage brands might have sparked investor interest in TLRY's potential for increased revenue and market expansion.
• This strategic move by Tilray to diversify its product offerings and tap into seasonal trends could have contributed to the positive market response, driving the stock price higher.

21.10.2024 - TLRY Stock was up 5.4%

• Today's increase in TLRY's value could be a result of:
• Favorable developments within the cannabis industry, such as talks of potential legalization or regulatory changes.
• Speculation regarding possible partnerships, mergers, or acquisitions involving Tilray.
• Upgrades by analysts or optimistic forecasts for the company's earnings.
• The recent low point in the past year might have enticed investors seeking to purchase shares at a reduced cost, prompting a surge in demand and the subsequent price rise.
• Investors may be reevaluating TLRY's future prospects and seeing the stock as undervalued despite recent setbacks, fueling the positive momentum observed in today's trading activities.

17.08.2024 - TLRY Stock was up 5.7%

• Following the acquisition of Atwater Brewery from Molson Coors Beverage Company, Tilray Brands (TLRY) experienced a significant bullish trend.
• The positive market sentiment observed in the marijuana stock sector, exemplified by the gains in companies like Corbus Pharmaceuticals (CRBP) and Greenlane Holdings (GNLN), may have influenced TLRY's upward movement.
• The acquisition of Atwater Brewery not only broadens TLRY's presence but also enriches its product lineup, attracting investor attention and boosting the stock price.
• Despite the market's overall gains, TLRY's stock price showed limited movement at $1.70, suggesting that the news of the acquisition may have already been factored into the stock price, resulting in a subdued reaction from investors.

10.09.2024 - TLRY Stock was down 7.2%

• Investor profit-taking following a recent uptrend in TLRY's stock price may have contributed to the bearish movement.
• The overall market decline today could have also impacted TLRY negatively, with investors exercising caution due to prevailing negative sentiment.
• Despite the positive collaboration news with Charlotte's Web Holdings, broader market trends may have eclipsed company-specific developments in influencing the stock's movement.

25.08.2024 - TLRY Stock was down 5.1%

• The introduction of a new line of hemp-derived Delta-9 THC beverages in key U.S. markets by Tilray Brands likely initially sparked investor interest and positive sentiment.
• Despite the positive product launch, the stock exhibited a more significant decline compared to the broader market, indicating potential profit-taking or market correction.
• Investor response to market conditions or company-specific factors may have influenced the bearish movement in Tilray's stock price.
• The minor uptick in the stock price at the close of the trading day could be due to short-term fluctuations or late buying activity; however, the overall trend remained bearish.

20.08.2024 - TLRY Stock was down 5.1%

• The expansion of Tilray's medical marijuana portfolio in Australia may have led to increased production costs or operational challenges, impacting the company's profitability and investor sentiment.
• The broader market may have experienced a downturn, affecting TLRY's stock price despite the positive news of launching Redecan cannabis products in Australia.
• Investors might be concerned about the competitive landscape in the cannabis industry, leading to a sell-off of TLRY shares in anticipation of potential market saturation.
• The slight positive shift in TLRY's stock price in the previous trading session could have been a temporary rebound before the bearish trend resumed, reflecting ongoing volatility in the cannabis sector.

11.10.2024 - TLRY Stock was down 5.2%

• The downturn in Tilray's stock price could be linked to the general decline in the cannabis sector following recent political developments.
• Research revealing the benefits of cannabis extract in alleviating chemotherapy-induced vomiting, while positive for the industry, may not have fully counteracted the negative market sentiment.
• Investors in the cannabis industry, including Tilray, possibly responded to uncertainties and potential regulatory shifts under a new administration, resulting in substantial declines across the sector.

01.09.2024 - TLRY Stock was down 5.2%

• Tilray's stock price might have dropped due to profit-taking after a recent surge in the cannabis sector.
• The upcoming earnings report could be causing uncertainty among investors, leading to a sell-off.
• Despite Vice President Kamala Harris's stance on marijuana legalization, external market factors may have overshadowed the positive sentiment towards Tilray.
• The flat closing price in the previous trading day could have signaled a lack of significant positive catalysts to sustain the stock's momentum, resulting in today's bearish movement.

01.09.2024 - TLRY Stock was down 5.3%

• The announcement of Tilray's upcoming first quarter fiscal year 2025 financial results may have raised concerns or uncertainty among investors, leading to a bearish sentiment.
• Despite the positive news about Vice President Kamala Harris's stance on marijuana legalization boosting TLRY and other cannabis sector stocks, the overall market conditions might have overshadowed this temporary positive momentum.
• The lack of significant movement in TLRY's stock price compared to the previous trading day amidst a sinking market could indicate investor caution or profit-taking behavior.
• The introduction of Shock Top's new product, while exciting, might not have directly impacted TLRY's stock movement today.

13.11.2024 - TLRY Stock was down 6.1%

• TLRY stock closed at $1.26 with a -1.56% shift.
• The overall market was gaining, indicating that TLRY's decline was specific to the company rather than a broader market trend.
• The dip in TLRY stock could be attributed to internal company factors such as poor earnings, regulatory challenges, or strategic setbacks.
• Investors might be reacting to negative news or concerns about TLRY's future growth prospects, leading to the bearish movement despite the positive market conditions.

09.11.2024 - TLRY Stock was down 0.4%

• TLRY stock saw a decline of -1.54% in a market that was on an upward trend, indicating some weaknesses in the company's performance.
• This drop could be linked to investors taking profits following a recent increase in the stock price.
• Factors such as regulatory hurdles and competitive pressures within the cannabis industry might have also played a role in the stock's downward movement.
• Investors could be exercising caution regarding TLRY's future growth potential, hence the sell-off seen in the stock.