Tilray Inc. ($TLRY) Stock Forecast: Down 7.2% Today

What is Tilray Inc.?

Tilray Brands, Inc. (TLRY) has launched new CBD gummies in Canada in partnership with Charlotte's Web Holdings. The stock saw significant downward movement today.

Why is Tilray Inc. going down?

TLRY stock is down 7.2% on Oct 10, 2024 13:40

• 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.

TLRY Price Chart

TLRY News

Delta Air Lines, Domino's Pizza And 3 Stocks To Watch Heading Into Thursday - Delta Air Lines ( NYSE:DAL )

With U.S. stock futures trading lower this morning on Thursday, some of the stocks that may grab investor focus today are as follows: Wall Street expects Delta Air Lines, Inc. DAL to report quarterly earnings at $1.52 per share on revenue of $14.67 billion before the opening bell, according to ...

https://www.benzinga.com/news/earnings/24/10/41265556/delta-air-lines-dominos-pizza-and-3-stocks-to-watch-heading-into-thursday

Two Cannabis Power Houses Team Up: Tilray Brings CBD Gummies From US Medical Marijuana Pioneer To Canada - Charlottes Web Holdings ( OTC:CWBHF ) , Direxion Daily CSI China Internet Index Bull 2X Shares ( ARCA:CWEB )

Cannabis giant Tilray Brands, Inc. TLRY TLRY announced the launch on Monday of new Charlotte's Web CWEB CWBHF CBD gummies in Canada. The gummies hit shelves in select cannabis retailers across Ontario and will be available in certain provinces and retailers this October and November.

https://www.benzinga.com/markets/cannabis/24/10/41213325/two-cannabis-power-houses-team-up-tilray-brings-cbd-gummies-from-us-medical-marijuana-pioneer-to

Insights Into Tilray Brands ( TLRY ) Q1: Wall Street Projections for Key Metrics

Besides Wall Street's top -and-bottom-line estimates for Tilray Brands (TLRY), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended August 2024.

https://www.zacks.com/stock/news/2346664/insights-into-tilray-brands-tlry-q1-wall-street-projections-for-key-metrics

Tilray Brands, Inc. ( TLRY ) Advances While Market Declines: Some Information for Investors

Tilray Brands, Inc. (TLRY) concluded the recent trading session at $1.70, signifying a +1.19% move from its prior day's close.

https://www.zacks.com/stock/news/2345737/tilray-brands-inc-tlry-advances-while-market-declines-some-information-for-investors

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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.

27.07.2024 - TLRY Stock was down 8.8%

• Despite the company's strategic expansions and acquisitions in the beer market, Tilray Brands' stock faced a bearish trend.
• There seems to be a negative market reaction to the recent purchase of beer brands and entry into the alcohol industry by Tilray Brands, raising concerns about its diversification efforts.
• Investor sentiment might have been impacted by the company's emphasis on the alcohol sector over cannabis, leading to a sell-off of TLRY shares.
• The introduction of a new small-batch flower strain under its high-end cannabis brand may have failed to counterbalance the overall bearish outlook on the stock.

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.

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.

13.07.2024 - TLRY Stock was up 5.1%

• Tilray's recent upward movement is linked to its expansion efforts in foreign markets, with a particular focus on Germany, which has undergone regulatory changes benefiting cannabis companies.
• The company's strategic actions, including strong growth in the last quarter and narrowing losses, have boosted investor confidence in its journey towards profitability.
• The reintroduction of Shock Top Twisted Pretzel, a seasonal brew from Tilray's subsidiary, has created enthusiasm and positive outlook around the company, potentially influencing the stock's upward trend.
• Overall, with favorable regulations, strategic decisions, and appealing product offerings, Tilray seems well-prepared for success in the cannabis industry, fostering investor confidence and the positive market movement.

08.07.2024 - TLRY Stock was up 6.5%

• The reintroduction of Shock Top Twisted Pretzel, a highly anticipated seasonal brew, sparked enthusiasm and positive sentiment among investors, contributing to a rise in Tilray's stock.
• Despite difficulties in the cannabis sector, Tilray's strategic shift towards its brewing subsidiary and the introduction of innovative products appears to have resonated positively with investors, bolstering the optimistic market trend.
• The launch of a new Breckenridge Brewery site in Fort Collins, Colorado, highlights Tilray's dedication to expanding its reach in the craft brewing realm, potentially attracting more investors and lifting the stock price.
• Overall, favorable updates regarding new product launches and expansion endeavors in the brewing industry seem to have driven the positive momentum in Tilray's stock.

14.07.2024 - TLRY Stock was up 6.1%

• TLRY stock experienced a bullish movement today.
• The acquisition of four craft breweries from Molson Coors is likely seen as a strategic move by Tilray to diversify its product portfolio and expand its presence in the beverage industry.
• This acquisition could potentially open up new revenue streams for Tilray and enhance its competitiveness in the market.
• Investors may view this acquisition positively, leading to increased confidence in Tilray's growth prospects and driving the bullish movement in the stock price.

14.07.2024 - TLRY Stock was up 6.4%

• The acquisition of four craft breweries from Molson Coors, namely Hop Valley Brewing Company, Terrapin Beer Co., Revolver Brewing, and Atwater Brewery, has had a favorable impact on investor sentiment.
• Tilray's strategic decision to expand beyond its primary cannabis focus and venture into the alcoholic beverage domain has garnered positive attention from the market, stimulating optimism regarding the company's future growth prospects.
• This acquisition is poised to significantly increase Tilray's annual beer output, broaden its new beer customer base, and fortify its position as a prominent craft brewer, signaling a well-received strategic shift by investors.
• Through these acquisitions, Tilray is broadening its range of products and market reach, setting the stage for potential revenue expansion, operational efficiencies, and improved nationwide distribution. These moves are likely driving the uptrend in the company's stock value.