Tilray Stock Hits 52-Week Low: A Buying Opportunity or a Warning Sign?
Tilray(TLRY) ZACKS·2024-11-19 22:15
Shares of Tilray Brands Inc. (TLRY) hit a new 52-week low of $1.3 yesterday before rising a notch higher to close at $1.32, reflecting a 56% discount from its 52-week high of $2.97. The lifestyle consumer products company currently trades below the 50-day and 200-day simple moving averages.TLRY Trades Below 50 & 200-Day Moving Averages Image Source: Zacks Investment Research In the past year, TLRY has seen its shares decline as much as 27.3% against the broader industry’s rise of 6.1% and the Zacks Consumer ...