RE:Why the 5 minutes crater this morningAll explain the drop and then the recovery in Tilray. The drop was related to a wider market crisis
Fitch Ratings downgraded its US debt rating on Tuesday from the highest AAA rating to AA+, citing “a steady deterioration in standards of governance.” Wall Street parsed the impact of the downgrade, with the three major indexes all down by mid-morning. Global stock markets also fell Wednesday.
The recovery was so to the fact Tilray Brands has been on a lot of traders and investors minds with its strong earnings report. Today we also had an expansion into the Philadelphia and the greater area with Mountak. So wsb traders and investors took the opportunity to snatch up the dip on Tilray Brands specifically while the rest of the market remained in the red