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Keep an eye on these stocks before the 4/20 holiday
Tomorrow, 'only' in states where it's legal, cannabis will be celebrated as part of the long-fabled 4/20 (April 20) holiday. For investors privy to the cannabis stock space, here's a quick roundup of some notable names to keep an eye on.
Tilray Brands Inc (NASDAQ:TLRY) released a new product lineup for the 'holiday', though the shares were last seen 1.2% lower to trade at $2.44. On the charts, TLRY has traded in a tight range between $2.30 and $2.75 for the last month. The equity is dangerously close to its -10% year-to-date level, and is off by 57.8% year-over-year.
Curaleaf Holdings Inc (OTCQX:CURLF) is trading at $2.46 at last check. Like Tilray stock, the $2.40 level is helping to keep CURLF's recent losses in check, especially as its pulled back from a November, 10-month peak near the $8 area. Year-over-year, the shares are more than 61% lower.
Aurora Cannabis Inc (NASDAQ:ACB) continues to flail below $1 per share, and was last seen trading at 64 cents. The equity has traded in penny-stock territory for more than a year, a timeframe in which its lost nearly 81%.
Cronos Group Inc (NASDAQ:CRON) is down 1.2% at $2.02 at last glance. CRON has added 3.1% this month, but remains roughly 21% lower in 2023. After dipping below $2 per share for most of April, CRON is attempting to overcome this area after turning in wins of 5.4% and 4.1% on Monday and Tuesday, respectively.