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what? No GameStop, Dogecoin or Bitcoin this week? For starters, Bitcoin is Monday. Instead, let’s take a closer look at what went on yesterday on Wall Street and in the pre-market

We want you to check out Globalstar (NYSEAMERICAN: GSAT), the satellite communications company that broke out and fell from $ 122 to a high of $ 214 We had it pre-market at $ 2 08 but still over 60% from US trading yesterday

New options for Globalstar were introduced on 2 Available February, and it is noteworthy that there is a call contract with an exercise price of $ 3 that is generating interest in a few quarters. We are seeing a lot of investor interest in Globalstar as little to no news flow is coming from the company which either means something is leaking or there is forum-driven retail activity

We saw steady, profit-taking buying of Globalstar stock for most of the day on Tuesday, but that seems to be showing some momentum

Next up is Twitter Inc (NYSE: TWTR), which we all know and love, which has been on a spike since mid-January when it fell around $ 45 and has now hit the $ 60 mark Twitter has been steadily bought. It has reached a new six-month high and is also trading at a 52-week high

Twitter reported fourth quarter sales and adjusted earnings that beat Wall Street projections, but daily user numbers fell short of estimates and the price closed well above its 20-day moving average, so we expect hefty profit-taking when Bad news is coming up on Twitter in the near future – eg a Congressional social media investigation But there’s a lot of love for Twitter on Wall Street right now. This thing could be due to the $ 222 million win USD continues to rise in the fourth quarter

Tilray (NASDAQ: TLRY) is a cannabis stock, and cannabis is currently a hot sector in the US since Joe Biden won the election in November.Tilray has been out with US investors since the beginning of the week with the excitement surrounding a deal from Tilray to export medical marijuana to the UK Tilray merged with Aphria to create the world’s largest cannabis company and now expects to have cannabis products in the UK medical market by March

Cannabis exports to Europe will be an important part of the history of the sector again this year – we already saw shares in hemp products and medical CBD specialist HempFusion yesterday as the company also exports to the European market and has the appropriate EU certifications

Cannabis appears to be in danger of becoming the wave that will lift all ships, but investors are piling up at Sundial Growers Inc (NASDAQ: SNDL) too Most of the stock price movement occurred on Friday, but many investors are still following this course. The stock price appears to have settled at a new level of $ 164

Take a step back to August 2019 and Sundial Growers was trading at USD 1150 which is a long way from where it is now, but it is now trading in a bigger, more mature, and more sophisticated market, and most Americans support that Legalization

Please note that this article does not constitute investment advice. Investors are encouraged to do their own research or to consult a professional advisor

Stuart Fieldhouse has worked in journalism and marketing for 25 years, including as asset management editor for the Financial Times group, which deals with capital markets and international private banking, and as investment banking correspondent for Euromoney in Hong Kong Founding Editor of the Hedge Fund Journal

Stuart has worked at CMC Markets and helped restart its global financial spread betting and CFD trading platforms. He is also the author of two books on trading published by the Financial Times Pearson. Stuart is based in the London office from The Armchair Trader and continues to advise fund managers, private banks, family offices and other financial institutions

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TLRY

World News – CA – Four stocks move on Wall Street: Globalstar (GSAT), Twitter (TWTR), Tilray (TLRY), Sundial Growers (SNDL)

Source: https://www.thearmchairtrader.com/twitter-tilray-sundial-growers-globalstar-hempfusion-christina-lake-cannabis/