Overview
- Tilray executed a 1-for-10 reverse stock split on Monday, a move previously announced more than seven months ago.
- Shares declined by almost 10% over the week, according to S&P Global Market Intelligence data.
- TD Cowen’s Robert Moskow cut his price target to $10 from $25 post-split while maintaining a Buy rating.
- The reverse split helped meet Nasdaq minimum price requirements, a step investors often view as a negative signal.
- Despite the weekly drop, the stock remains up roughly 90% over the past six months on earlier catalysts.