Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Tilray Brands Inc shares valued at $35,360 were purchased by Merton Carl A on Nov 15 ’24. At $1.36 per share, Merton Carl A acquired 26,000 shares. The insider’s holdings grew to 26,000 shares worth approximately $34060.0 following the completion of this transaction.
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Also, FALTISCHEK DENISE M purchased 10,000 shares, netting a total of over 20,500 in proceeds. Following the buying of shares at $2.05 each, the insider now holds 293,269 shares.
Before that, Gendel Mitchell had added 7,200 shares to its account. In a trade valued at $14,256, the Global General Counsel bought Tilray Brands Inc shares for $1.98 each. Upon closing the transaction, the insider’s holdings increased to 7,200 shares, worth approximately $0.26 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 -5.07%. Over the course of the year, Tilray Brands Inc shares have dropped approximately -43.04%. Shares of the company reached a 52-week high of $2.9700 on 04/04/24 and a 52-week low of $1.2800 on 11/21/24. A 50-day SMA is recorded $1.6168, while a 200-day SMA reached $1.8055. Nevertheless, trading volume fell to 30.25 million shares from 27.93 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 1.2733, which, if violated, would cause prices to drop to 1.2367. In the upper region, resistance lies at 1.3533. The next price resistance is at 1.3967. RSI (Relative Strength Index) is 32.27 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.1502, which suggests the price will decrease in the coming days. Percent R is at 94.44%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
