Meme Stocks Rebounded in Morning Trading After Tilray’s News; Sundial Growers Soared Over 8% While ContextLogic and Tupperware Jumped Over 4%
Meme stocks rebounded in morning trading after $Tilray Inc.$’s news; $Sundial Growers Inc.$ soared over 8% while $ContextLogic Inc.$ and $Tupperware$ jumped over 4%. $Tilray Inc.$reported a loss of $120 million, or 15 cents a share, in the quarter ended May 31, compared with a loss of $458 million, or 99 cents a share, a year earlier. Analysts polled by FactSet expected a per-share loss of four cents.The company's revenue rose 20% to $184 million, beating the $154 million forecast by analysts po