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Should you drop Tilray Inc (TLRY) on Monday?

TLRY stock is 0.51% lower on Monday, with the pot stock declining $0.02 and underperforming the market. Overall market sentiment is down on Tilray Inc (TLRY) stock lately. TLRY receives a bearish rating of InvestorsObserver Stock market sentiment indicator.

Tilray Inc has a bearish sentiment reading. Find out what this means to you and get the rest of the leaderboard on TLRY!

What is stock market sentiment?

Sentiment uses short-term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends rather than the long-term health of the underlying business. Company updates, such as the release of earnings, may steer the stock away from current trends. Price changes are usually the best indicator of sentiment for a particular security. Basically, a stock’s trend indicates whether the current market sentiment is bullish or bearish. Investors should be bullish if a stock is trending up and bearish if a stock is falling.

InvestorsObserverThe sentiment indicator takes into account both price changes and volume changes. An increase in volume usually means that a current trend is gaining strength, while a decrease in volume tends to signal a reversal of the current trend. Our system also uses the options market to receive additional signals about current sentiment. We take into account the ratio between options to buy and put on a stock since options allow an investor to bet on the future direction of the price.

What’s going on with TLRY stock today?

Tilray Inc (TLRY) stock is trading at $3.84 at 9:55 a.m. on Monday, November 21, a loss of -$0.02, or -0.51% from the previous closing price of 3, $86. The stock has traded between $3.76 and $3.88 so far today. Today the volume is low. So far, 1,505,735 shares have been traded against an average volume of 22,170,327 shares.

Have InvestorsObserver’s Sentiment score for Tilray Inc click here.

Learn more about Tilray Inc.

Tilray is a Canadian producer that grows and sells medical and recreational cannabis. In 2021, the former Aphria acquired the former Tilray in a reverse merger and rebranded itself as Tilray. Most of its sales are in Canada and in the international medical cannabis export market. US exposure includes CBD products through Manitoba Harvest and beer through SweetWater.

Click here for the full Tilray Inc. stock report.

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