Stock Market Today: Tilray Brands Soars After Earnings Beat

Tilray Brands Inc (NASDAQ: TLRY) rose 22.09% to close at $2.10 after reporting better-than-expected fiscal first-quarter results. Trading volume reached 297.6 million shares, about four times its three-month average of 71 million. In intraday trading, the company reached a new 52-week high of $2.32.The S&P 500 (SNPINDEX: ^GSPC) slipped 0.28% to 6,735.11, while the Nasdaq Composite (NASDAQINDEX: ^IXIC) also edged lower as investors rotated toward smaller growth and speculative names.Peers in the cannabis sector advanced alongside Tilray. Canopy Growth Corp (NASDAQ: CGC) gained 7.84% closing at $1.65, and SNDL Inc (NASDAQ: SNDL) added 7.03% closing at $2.82, both supported by stronger sentiment for U.S. cannabis policy changes.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool