The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Tilray Brands Inc shares valued at $20,500 were purchased by FALTISCHEK DENISE M on Jan 17 ’24. At $2.05 per share, FALTISCHEK DENISE M acquired 10,000 shares. The insider’s holdings grew to 293,269 shares worth approximately $0.59 million following the completion of this transaction.
Also, Gendel Mitchell purchased 7,200 shares, netting a total of over 14,256 in proceeds. Following the buying of shares at $1.98 each, the insider now holds 195,796 shares.
Before that, SIMON IRWIN D had added 53,700 shares to its account. In a trade valued at $100,956, the President and CEO bought Tilray Brands Inc shares for $1.88 each. Upon closing the transaction, the insider’s holdings increased to 53,700 shares, worth approximately $4.11 million.
As published in a research note from Alliance Global Partners on April 05, 2024, Tilray Brands Inc [TLRY] has been retained to a Neutral and the price target has been revised to $2.75. Analysts at Bernstein started covering the stock with ‘”a Mkt perform”‘ outlook in a report released in early November. As of July 29, 2022, The Benchmark Company has decreased its “Hold” rating to a “Sell” for TLRY. Earlier on March 04, 2022, Canaccord Genuity upgraded its rating. Their new recommendation was “a Buy” for TLRY stock which previously was a “a Hold”.
Analyzing TLRY Stock Performance
During the last five days, there has been a drop of approximately -29.12%. Over the course of the year, Tilray Brands Inc shares have dropped approximately -12.17%. Shares of the company reached a 52-week high of $2.97 on 04/04/24 and a 52-week low of $1.60 on 03/14/24. A 50-day SMA is recorded $1.96, while a 200-day SMA reached $2.08. Nevertheless, trading volume fell to 34.69 million shares from 38.8 million shares the previous day.
Support And Resistance Levels for Tilray Brands Inc (TLRY)
According to the 24-hour chart, there is a support level at 1.93, which, if violated, would cause prices to drop to 1.84. In the upper region, resistance lies at 2.14. The next price resistance is at 2.26. RSI (Relative Strength Index) is 45.19 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.16, which suggests the price will decrease in the coming days. Percent R is at 89.62%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Tilray Brands Inc subject to short interest?
Stocks of Tilray Brands Inc saw a sharp steep in short interest on Mar 15, 2024 dropping by -1.04 million shares to 119.31 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 120.35 million shares. A decline of -0.87% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 7.41 of the overall float, the days-to-cover ratio (short ratio) decline to 7.41.
