3 Key Tests for Tilray Stock in Fall 2023
Tilray Brands' (NASDAQ: TLRY) stock is down by 13% this year so far, but up 37% in the past month. Thanks to a major new acquisition announcement that'll see its beer sales soar, the outlook may be a lot better than it has been in the recent past.
If the company can pass these tests in the fall and beyond, its shares will almost certainly rise, and the bull thesis will get a trio of confirmations. On the other hand, if it falls short, it'll be a signal that the seedlings of a turnaround need more time to germinate before the stock is a must-buy.
Let's sketch out the nature of these tests and why they're important.
Source Fool.com
