Markets

Pot stocks rally on renewed hopes for near-term legalization

Cannabis stocks soared on Wednesday amid new hope for near-term legalization in the US. President Biden and Democrats have indicated they aim to decriminalize the drug at the federal level. The CEOs of Tilray and Canopy Growth said Tuesday they expect legalization in 2021 or early 2022. Sign up here […]
Pot stocks rally on renewed hopes for near-term legalization
Markets

Traders betting against weed stocks made almost $1 billion in 2019. Here are the 8 stocks most responsible for those gains.

Short-sellers betting against the cannabis sector have made $US993 million in mark-to-market gains year-to-date, according to a Wednesday note from financial-analytics provider S3 Partners. Those gains come even after solid sector performance erased $US132 million from short-seller profit in December on the 20 stocks that were most shorted, according to […]
Traders betting against weed stocks made almost $1 billion in 2019. Here are the 8 stocks most responsible for those gains.
Markets

Here are the 13 most expensive stocks to bet against

Betting against some company stocks can be more expensive than owning them. Clovis Oncology, currently the most expensive stock to short, boasts a 109% borrow fee according to data from S3 Partners, a financial analytics firm. Here are the top 13 stocks with the highest borrow fees, according S3 Partners. […]
Here are the 13 most expensive stocks to bet against
Markets

Tilray sinks after reporting a larger loss than expected in the second quarter

Tilray, the Canadian cannabis company, reported second-quarter earnings Tuesday that beat analyst expectations on revenue but missed on adjusted loss per share. Shares fell after the earnings release. Tilray’s stock has tumbled nearly 80% from the all-time highs it reached in September 2018. Watch Tilray trade live on Markets Insider. […]
Tilray sinks after reporting a larger loss than expected in the second quarter
Markets

The cannabis producer Tilray jumps after beating on sales and posting a bigger-than-expected loss

Tilray, the cannabis producer, reported first-quarter results Tuesday afternoon. Shares jumped 6% in after-hours trading as sales topped expectations, but the company posted a wider-than-expected loss. Watch Tilray trade live. Tilray, the Canadian cannabis producer, reported a first-quarter loss on Tuesday that was wider than analysts forecast, but shares jumped […]
The cannabis producer Tilray jumps after beating on sales and posting a bigger-than-expected loss