Why Tilray Stock Dived by 10% This Week

A financial engineering move and an analyst's price target cut dampened sentiment on the company.Over the past five days, the struggling marijuana industry was perfectly exemplified by Tilray Brands (TLRY +1.80%). A major financial engineering effort by the company kicked in on Monday, and it dragged the stock down over the subsequent trading sessions. This was reinforced by a price target cut from an analyst. According to data compiled by S&P Global Market Intelligence, Tilray's stock tumbled by almost 10% ...