What's Going On With Tilray Brands Stock Friday?

Tilray Brands, Inc. TLRY shares are trending on Friday. The company is anticipated to release 2024 fiscal year and fourth quarter earnings on Monday after the market closes.

What To Know: For the fourth quarter, analysts estimate a loss of 2 cents per share and revenue of $227.07 million.

Tilray’s stock is currently trading at $1.81 which is right around its 50 day moving average of $1.8 and on the lower end of its 52 week range. The stock’s 52 week range is from $1.6 to $3.4.

Earlier this week, the company received approval for a medical cannabis extract, Tilray Solução Oral THC10:CBD10 in Portugal. On Monday, Tilray stock along with the cannabis sector reacted to President Joe Biden‘s announcement that he is no longer seeking re-election. Tilray stock traded 6.70% higher at $1.87 as of Monday at market close.

Vice President Kamala Harris‘s stance on cannabis currently is that users should not face jail time. During her time as prosecutor, Harris enforced legislation that criminalized marijuana.

How To Buy Tilray Brands Stock

Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For example, in Tilray Brands TLRY's case, it is in the Health Care sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

See Also: Cannabis Stock Gainers And Losers From July 24, 2024

TLRY Price Action: At the time of publication, Tilray Brands stock is trading 3.09% higher at $1.83 per data from Benzinga Pro.

Image: 8921522 from Pixabay.