Shares of cannabis stocks are trading lower in sympathy with Tilray, which fell after reporting worse-than-expected Q3 results.
Portfolio Pulse from Benzinga Newsdesk
Cannabis stocks are trading lower, influenced by Tilray's worse-than-expected Q3 results.
April 09, 2024 | 11:31 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Aurora Cannabis shares are trading lower, influenced by Tilray's Q3 earnings miss.
Aurora Cannabis is trading lower in sympathy with Tilray, indicating a sector-wide impact from Tilray's earnings miss.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Canopy Growth's stock is down, following the trend set by Tilray's disappointing Q3 results.
Canopy Growth's stock price is affected by the negative sentiment in the cannabis sector, triggered by Tilray's poor Q3 performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Cronos Group shares decline in response to Tilray's worse-than-expected Q3 earnings.
Cronos Group's stock is trading lower, mirroring the negative trend in the cannabis sector due to Tilray's disappointing earnings report.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Sundial Growers' stock is negatively impacted by the sector-wide downturn following Tilray's Q3 results.
Sundial Growers' shares are down, affected by the overall negative sentiment in the cannabis industry after Tilray's earnings miss.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Tilray's stock is trading lower due to worse-than-expected Q3 results.
Tilray's Q3 earnings miss expectations, directly impacting its stock price negatively as investors react to the financial performance.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100