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MARKETS LIVE BLOG:

STOCKS EXTEND LOSSES AFTER TUESDAY'S STEEP SELL-OFF

Worries about higher interest rates, U.S. government shutdown continue to weigh

Why Tilray, Canopy, and Aurora Cannabis Just Jumped

Rich Smith, The Motley Fool
·3 min read

After tumbling on Friday following a lousy earnings report from Canopy Growth (NASDAQ: CGC), shares of fellow Canadian marijuana stocks Tilray (NASDAQ: TLRY) and Aurora Cannabis (NASDAQ: ACB) -- and Canopy Growth, too -- are rebounding sharply today. As of 11:30 a.m. ET, Tilray shares are gaining 10.2%, Aurora is up 12.3%, and Canopy Growth is doing best of all, jumping 16.4%. The opposite is more accurate, with investment bank Piper Sandler coming out with a lower price target on Canopy -- $2.50 per share, down from $3 previously -- and an underweight rating to boot.

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