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A Guide To The Risks Of Investing In Tilray Brands Inc (TLRY)

Tilray Brands Inc’s recently made public that its Chief Strategy Officer FALTISCHEK DENISE M acquired Company’s shares for reported $20500.0 on Jan 17 ’24. In the deal valued at $2.05 per share,10,000 shares were bought. As a result of this transaction, FALTISCHEK DENISE M now holds 293,269 shares worth roughly $0.46 million.

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Then, Gendel Mitchell bought 7,200 shares, generating $14,256 in total proceeds. Upon buying the shares at $1.98, the Global General Counsel now owns 195,796 shares.

Before that, Gendel Mitchell bought 5,400 shares. Tilray Brands Inc shares valued at $10,098 were divested by the Global General Counsel at a price of $1.87 per share. As a result of the transaction, Gendel Mitchell now holds 188,596 shares, worth roughly $0.3 million.

Alliance Global Partners reiterated its Tilray Brands Inc [TLRY] rating to a Neutral in a research note published on April 05, 2024; the price target was $2.75. A number of analysts have revised their coverage, including Bernstein’s analysts, who began to cover the stock in early November with a ‘”a Mkt perform”‘ rating. The Benchmark Company also remained covering TLRY and has decreased its forecast on July 29, 2022 with a “Sell” recommendation from previously “Hold” rating. Canaccord Genuity revised its rating on March 04, 2022. It rated TLRY as “a Buy” which previously was an “a Hold”.

Price Performance Review of TLRY

On Tuesday, Tilray Brands Inc [NASDAQ:TLRY] saw its stock fall -1.26% to $1.57. Over the last five days, the stock has lost -4.85%. Tilray Brands Inc shares have fallen nearly -31.74% since the year began. Nevertheless, the stocks have fallen -21.89% over the past one year. While a 52-week high of $2.97 was reached on 04/04/24, a 52-week low of $1.45 was recorded on 10/10/24. SMA at 50 days reached $1.7474, while 200 days put it at $1.8706.

Levels Of Support And Resistance For TLRY Stock

The 24-hour chart illustrates a support level at 1.5533, which if violated will result in even more drops to 1.5367. On the upside, there is a resistance level at 1.5933. A further resistance level may holdings at 1.6167. The Relative Strength Index (RSI) on the 14-day chart is 35.64, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0676, which suggests price will go down in the next trading period. Percent R suggests that price movement has been 70.00 at 70.00%. Stochastics %K at 36.67% indicates the stock is a holding.

How much short interest is there in Tilray Brands Inc?

A steep rise in short interest was recorded in Tilray Brands Inc stocks on 2024-09-30, growing by 90974.0 shares to a total of 101.64 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 101.55 million shares. There was a rise of 0.09%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on November 18, 2021 when Barclays began covering the stock and recommended ‘”an Underweight”‘ rating along with a $10 price target.

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