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Tilray, Inc. (TLRY) Gains As Market Dips: What You Should Know

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In the latest trading session, Tilray, Inc. (TLRY - Free Report) closed at $146.91, marking a +1.2% move from the previous day. This change outpaced the S&P 500's 0.55% loss on the day. Meanwhile, the Dow lost 0.68%, and the Nasdaq, a tech-heavy index, lost 1.16%.

Prior to today's trading, shares of the company had gained 81.74% over the past month. This has outpaced the Medical sector's gain of 0.81% and the S&P 500's gain of 0.37% in that time.

TLRY will be looking to display strength as it nears its next earnings release, which is expected to be November 27, 2018.

Any recent changes to analyst estimates for TLRY should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. TLRY is currently sporting a Zacks Rank of #3 (Hold).

The Medical - Drugs industry is part of the Medical sector. This group has a Zacks Industry Rank of 73, putting it in the top 29% of all 250+ industries.

The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

To follow TLRY in the coming trading sessions, be sure to utilize Zacks.com.




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