Tilray Shares Surge on Regulatory Speculation

A wave of optimism is sweeping through the U.S. cannabis sector, propelling shares of Tilray significantly higher. The stock extended its gains on Wednesday, building on a dramatic 27.5% surge the previous day. This rally is fueled entirely by market speculation that former President Donald Trump may issue an executive order to reclassify marijuana, an event traders have playfully dubbed “Weednesday.”

Investor enthusiasm is unmistakable in the trading data. On Tuesday, more than 46 million shares changed hands—a volume exceeding five times the three-month average. Both institutional and retail investors are participating in the move. Market technicians view the stock’s ability to hold above the $13 level as a sign Read more...