Why Tilray Stock Fell 31% in December

Tilray (NASDAQ: TLRY) shareholders lost ground to the market in December, with the stock slumping 31% compared to a 4% spike in the S&P 500, according to data provided by S&P Global Market Intelligence.

The drop came as investors moved away from the marijuana space after pouring into the sector through much of 2021. Tilray shares had been up more than 200% in early 2021 but finished the year in negative territory compared to a 27% surge in the wider stock market.

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Source Fool.com