Tilray Inc’s (NASDAQ: TLRY) stock lost a key technical level Wednesday after trading in a bearish pattern for eight weeks.
The cannabis company’s stock skyrocketed 166% over the course of five trading sessions in February but returned to ground level two weeks later. The stock’s sharp rise and fall was due in part to the efforts of the r/WallStreetBets community who targeted a number of stocks with high short interest, as well as the election of Joe Biden as U.S. president that could give a lift to legalization sentiment.
The Tilray Chart: Tilray had been trading in a …
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