Many of Reddit's favorite stocks including AMC, GameStop, and Bed Bath & Beyond retreated Thursday, while others saw prices whipsaw.
The two Canadian cannabis stocks are beloved by retail traders on popular Reddit investing threads.
Tilray shares could rise by 119%, said Jefferies, which upgraded the cannabis company to 'buy' from 'underperform' on Friday.
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 […]
Shares of Tilray surged more than 22% Wednesday, buoyed by encouraging words from lawmakers on ending federal prohibition of marijuana. Shares of cannabis companies Aurora, Aphria, and Cronos are also trading higher. Senate Majority Leader Chuck Schumer also said that he has urged the attorney general nominee to respect states’ […]
The post-election rally in marijuana stocks like Tilray and Aurora Cannabis has proven to be short-lived after both stocks gave up much of their gains on Wednesday. Aurora Cannabis plummeted as much as 23% after it said it would dilute shareholders and sell an additional $US125 million in stock. And […]
On Friday before the bell, Canopy Growth Corp. reported fiscal third quarter 2020 earnings that beat analyst expectations. Shares of Canopy Growth gained as much as 22% Friday. Shares of other cannabis company stocks also rose, and the Horizons Marijuana Life Sciences Index ETF gained as much as 8%. Watch […]
Tilray shares briefly fell below $US17 per share on Thursday, slipping below the company’s initial public offering price for the first time ever. So far in 2019, Tilray shares have shed more than 75% of their value. It’s a sharp contrast from the company’s 2018 performance, which saw it surge […]
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 […]
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. […]
Canopy Growth, Aurora Cannabis, Cronos Group, and Tilray all reported quarterly earnings this week. All reports fell short of analyst expectations and sent shares falling amid a difficult year for the cannabis industry. Here’s how each company did, and how much the stock was affected. Read more on Business Insider. […]
Welcome to Cultivated, our weekly newsletter where we’re bringing you an inside look at the deals, trends, and personalities driving the multibillion-dollar global cannabis boom. Sign up here to get it in your inbox every week. Happy Friday everyone, I took a step back over the past few weeks and […]
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 shares traded up as much as 13% Monday after the company announced a deal to extend the lock-up period with its main shareholder. The deal establishes that Privateer Holdings, which owns 77% of Tilray’s shares outstanding, will release shares to the public over a two-year period. When the 180-day […]
Weed stocks are astronomically valued compared to the tech, alcohol, and tobacco sectors. Markets Insider ranked several companies by a standard valuation metric which corrects for varying debt levels. The market does not appear concerned that the companies cannot operate in the US until federal legislation is passed to legalise […]
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 […]
Aphria plunged as much as 15% Monday after missing on earnings and agreeing to accelerate the expiration of the hostile takeover bid by Green Growth Brands. The company also reported a $US50 million non-cash impairment to its Latin American assets. Watch Aphria trade live. Aphria posted a bigger than expected […]