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High Tide Inc. (HITI) Advances While Market Declines: Some Information for Investors
Zacks Investment Research· 2024-04-25 22:51
High Tide Inc. (HITI) closed the most recent trading day at $2.03, moving +0.5% from the previous trading session. The stock outpaced the S&P 500's daily loss of 0.46%. Elsewhere, the Dow lost 0.98%, while the tech-heavy Nasdaq lost 0.64%.Coming into today, shares of the company had lost 1.94% in the past month. In that same time, the Medical sector lost 4.9%, while the S&P 500 lost 3.04%.Market participants will be closely following the financial results of High Tide Inc. in its upcoming release. In that r ...
High Tide Reports Approximately $2 Million in Retail Sales on '4/20'
Prnewswire· 2024-04-23 10:00
The Company Reports $1.965 Million in Retail Sales on '4/20' Across All Retail Channels, Representing a 35% Increase Week-Over-Week1 The Company Also Completed its Annual 4/20 Car Giveaway CALGARY, AB, April 23, 2024 /PRNewswire/ - High Tide Inc. ("High Tide" or the "Company") (Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA), the high-impact, retail-forward enterprise built to deliver real-world value across every component of cannabis, announced today that on April 20, 2024 ('4/20'), it generated CAD $1.965 milli ...
High Tide Inc. (HITI) Declines More Than Market: Some Information for Investors
Zacks Investment Research· 2024-04-18 22:51
High Tide Inc. (HITI) closed the most recent trading day at $2.21, moving -1.34% from the previous trading session. The stock's change was less than the S&P 500's daily loss of 0.22%. Meanwhile, the Dow experienced a rise of 0.06%, and the technology-dominated Nasdaq saw a decrease of 0.52%.The company's stock has climbed by 26.55% in the past month, exceeding the Medical sector's loss of 6.22% and the S&P 500's loss of 1.66%.Analysts and investors alike will be keeping a close eye on the performance of Hig ...
High Tide (HITI) Forms 'Hammer Chart Pattern': Time for Bottom Fishing?
Zacks Investment Research· 2024-04-18 14:56
Shares of High Tide Inc. (HITI) have been struggling lately and have lost 11.8% over the past week. However, a hammer chart pattern was formed in its last trading session, which could mean that the stock found support with bulls being able to counteract the bears. So, it could witness a trend reversal down the road.The formation of a hammer pattern is considered a technical indication of nearing a bottom with likely subsiding of selling pressure. But this is not the only factor that makes a bullish case for ...
How to Find Cheap Stocks Under $10 to Buy Now
Zacks Investment Research· 2024-04-16 20:51
The S&P 500 and the Nasdaq are trading below their 50-day moving averages for the first time in 2024. Yet the bulls are still in control since a larger pullback was due following the strong run off the market’s October 2023 lows.Wall Street will likely have to hold its ground soon or risk a wider downturn to the 200-day. Thankfully, the Nasdaq and the S&P 500 have already cooled off significantly from heavily overbought RSI levels in late 2023 and early 2024 to below neutral.On top of that, any meaningful p ...
Wall Street Analysts See High Tide (HITI) as a Buy: Should You Invest?
Zacks Investment Research· 2024-04-12 14:31
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about High Tide Inc. (HITI) .High Tide currently has an average brokera ...
High Tide Announces Transition of Chief Financial Officer
Prnewswire· 2024-04-12 10:00
This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated August 31, 2023, to its short form base shelf prospectus dated August 3, 2023. CALGARY, AB, April 12, 2024 /PRNewswire/ - High Tide Inc. ("High Tide" or the "Company") (Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA), the high-impact, retail-forward enterprise built to deliver real-world value across every component of cannabis, announced today that the Company and Sergio Patino have agreed to tran ...
The Best Marijuana Tech Stocks For Traders To Watch
MarijuanaStocks· 2024-04-05 13:21
These Marijuana Stocks Could See Higher Trading Levels This MonthMarijuana stock investors are starting to see the effects of how volatility plays a big part in the sector. This past week of trading has shown a slight increase in momentum. Much of which is based on improving rules and regulations in the cannabis industry. As well as other areas of business in the form of better quality control for cannabis.Plus the increase in production of the growing demand for cannabis products. All of the above contribu ...
High Tide Inc. (HITI) Soars to 52-Week High, Time to Cash Out?
Zacks Investment Research· 2024-04-04 14:16
Have you been paying attention to shares of High Tide Inc. (HITI) ? Shares have been on the move with the stock up 55.8% over the past month. The stock hit a new 52-week high of $2.69 in the previous session. High Tide Inc. has gained 60.1% since the start of the year compared to the 5.9% move for the Zacks Medical sector and the 5.9% return for the Zacks Medical - Products industry.What's Driving the Outperformance?The stock has a great record of positive earnings surprises, as it hasn't missed our earning ...
High Tide to Open Fifth Canna Cabana Store in Mississauga, Ontario
Prnewswire· 2024-04-04 10:00
Already the Second Largest Cannabis Retailer in North America by Store Count, The Company Now Becomes the Largest Cannabis Retailer in Canada's Fastest Growing City CALGARY, AB, April 4, 2024 /PRNewswire/ - High Tide Inc. ("High Tide" or the "Company") (Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA), the high-impact, retail-forward enterprise built to deliver real-world value across every component of cannabis, announced today that its Canna Cabana retail cannabis store located at 2901 Eglinton Avenue West, Mississ ...