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Why Did Tilray Stock Pop Today?


Alliance Global Partners cut its price target on Tilray Brands (NASDAQ: TLRY) stock by 25% this morning, from $1 to just $0.75 per share, as The Fly just reported. You'd probably expect news like that to have an impact on the stock, and it did... but perhaps not the effect that you think.

As of 2:05 p.m. ET Tuesday, Tilray stock is up 15.8%.

Image source: Getty Images.

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Source Fool.com

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