Tilray Shares Surge 200%: Analysts Divided on Cannabis Stock’s Trajectory

Tilray’s stock has experienced a remarkable resurgence, climbing approximately 200% from its lows in July. This impressive rally, however, brings the company to a critical juncture, leaving investors to question the sustainability of its gains. The recent price action saw shares add 1.6% yesterday, hitting an intraday peak of $1.33 before settling at a closing price of $1.26. Notably, trading volume remained below average, suggesting a degree of caution and indicating that the broader market is not yet fully convinced by the upward move.

The primary catalyst for the surge appears to be rooted in speculation rather than immediate financial performance. Market optimism is being driven by the potential for a significant regulatory shift in the United States, specifically the possible reclassification... Read more...