Traders Purchase High Volume of Call Options on Tilray (NASDAQ:TLRY)

Tilray Inc (NASDAQ:TLRYGet Free Report) saw unusually large options trading on Tuesday. Traders bought 74,003 call options on the company. This is an increase of 64% compared to the typical daily volume of 45,232 call options.

Insider Buying and Selling

In other Tilray news, CFO Carl A. Merton purchased 20,000 shares of the stock in a transaction that occurred on Friday, January 12th. The shares were bought at an average cost of $1.87 per share, with a total value of $37,400.00. Following the acquisition, the chief financial officer now owns 20,000 shares in the company, valued at $37,400. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Tilray news, CEO Irwin D. Simon purchased 53,700 shares of the stock in a transaction that occurred on Friday, January 12th. The shares were bought at an average cost of $1.88 per share, with a total value of $100,956.00. Following the acquisition, the chief executive officer now owns 2,033,058 shares in the company, valued at $3,822,149.04. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Carl A. Merton purchased 20,000 shares of the stock in a transaction that occurred on Friday, January 12th. The stock was acquired at an average cost of $1.87 per share, for a total transaction of $37,400.00. Following the completion of the acquisition, the chief financial officer now owns 20,000 shares in the company, valued at approximately $37,400. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 96,300 shares of company stock valued at $183,210. Corporate insiders own 0.68% of the company’s stock.

Institutional Trading of Tilray

Hedge funds have recently modified their holdings of the company. Macquarie Group Ltd. increased its position in shares of Tilray by 188.8% during the 2nd quarter. Macquarie Group Ltd. now owns 8,540 shares of the company’s stock valued at $27,000 after purchasing an additional 5,583 shares during the last quarter. Cetera Advisor Networks LLC bought a new position in shares of Tilray during the 1st quarter valued at approximately $82,000. Clear Street Markets LLC bought a new position in shares of Tilray during the 3rd quarter valued at approximately $25,000. Kingsview Wealth Management LLC bought a new position in shares of Tilray during the 2nd quarter valued at approximately $33,000. Finally, Squarepoint Ops LLC bought a new position in shares of Tilray during the 4th quarter valued at approximately $30,000. 9.35% of the stock is owned by hedge funds and other institutional investors.

Tilray Stock Down 0.8 %

Shares of TLRY opened at $2.41 on Wednesday. Tilray has a 1 year low of $1.50 and a 1 year high of $3.40. The business’s 50 day simple moving average is $1.91 and its 200-day simple moving average is $1.98. The company has a quick ratio of 0.99, a current ratio of 1.63 and a debt-to-equity ratio of 0.11.

About Tilray

(Get Free Report)

Tilray, Inc engages in the research, cultivation, processing, and distribution of medical cannabis. The company offers its products in Argentina, Australia, Canada, Chile, Croatia, Cyprus, the Czech Republic, Germany, New Zealand, and South Africa. Tilray, Inc is headquartered in Nanaimo, Canada.

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