Tilray, Trump and cannabis
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Tilray shares are trading higher Friday following a report suggesting Trump is expected to reclassify marijuana as a Schedule III drug.
According to data compiled by S&P Global Market Intelligence, Tilray's stock tumbled by almost 10% over the course of the week. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue »
Tilray Brands (TLRY) has been back on traders radar after a 12% jump this week, as Florida moved ahead with a home grow cannabis bill and the company unveiled its new Amped Live Resin Liquid Diamond vape line.
From a technical perspective, Tilray is currently trading approximately 38% below its 50-day moving average of $13.01, suggesting that the stock remains in a longer-term downtrend. However, it is trading about 4.3% below its 200-day moving average of $8.43, indicating that it is approaching a critical level of resistance.
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Why Tilray Stock Just Stubbed Out
On June 10, 2025, Tilray authorized Tilray to reverse-split its stock in a ratio of anywhere from 1-for-10 (merging 10 outstanding shares into one) to 1-for-20 (trading 20 old shares for one new one).
The marijuana sector, beset by a host of tough challenges, has been out of favor with investors for years. That looks unlikely to change as long as the drug remains illegal at the federal level, and even that might not save some of the market's players.
Tilray Brands (NASDAQ:TLRY) has caught attention lately as investors reflect on its recent stock movements and broader performance trends. With ongoing sector shifts, the company’s results are stirring renewed conversations about valuation and future trajectory among market watchers.
Tilray just implemented a reverse stock split to avoid being delisted from stock exchanges. The company's performance in recent years has been terrible, and that's unlikely to change soon. 10 stocks we like better than Tilray Brands › Tilray Brands (NASDAQ: TLRY) is like the captain of a big ship that happens to be sinking.
Alliance Global Partners cut its price target on Tilray Brands (NASDAQ: TLRY) stock by 25% this morning, from $1 to just $0.75 per share, as The Fly just reported ...
Tilray Brands shares surged in after-hours trading following the launch of its Amped Live Resin Liquid Diamond product line.
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