Tilray soars 40%; GameStop throws 16% | Stock market news

After closing at a record low on Monday, stocks took a bit of a breather on Tuesday as the S&P 500 shattered a six-day winning streak, ending slightly lower.

Former President Donald Trump’s second impeachment trial dominated the airwaves, as lawyers and lawmakers argued in the Senate about the constitutionality of a former president’s impeachment.

The Dow Jones Industrial Average lost nearly 10 points, or 0.03%, to close at 31,375.

Tilray flies away. Canadian Marijuana Company Tilray (ticker: TLRY) spreads its tentacles across the world. Shares climbed 40.7% on Tuesday after the company struck a deal to import and distribute medical marijuana in the UK

The increasingly favorable political atmosphere for cannabis in the United States, in addition to a recently announced merger with rival Aphria (APHA), has helped ignite TLRY stocks in recent months, with stocks already more than tripling in 2021 to reach 52-week highs.

XNAS: TLRY | 4:00 p.m.


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Data as of 4:00 p.m. to 02/09/2021

Hanesbrands jumps. Diversified clothing company Hanesbrands (HBI) saw stocks jump 24.9% on Tuesday after reporting both income and profit in the most recent quarter. It is important to note that management has also presented plans to cut costs by focusing on its core competencies in the years to come, by abandoning the personal protective equipment business.

HBI is committed to focusing on its Champion brand and continuing to grow its underwear business in the United States.

GME continues to dive. It was a great story while it lasted, but the actions of besieged video game retailer GameStop (GME) continue to decline rapidly after a wild surge that pitted retail investors against Wall Street hedge funds.

With a 52-week range of $ 2.57 to $ 483 per share, the stock lost another 16.2% on Tuesday, ending at $ 50.31 per share.

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