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One of the most common questions traders have about stocks is “Why Is It Moving?”.
That’s why Benzinga created the Why Is It Moving, or WIIM, feature in Benzinga Pro. WIIMs are a one-sentence description as to why that stock is moving.
Here’s why shares of Tilray, Aphria and Zynga are moving Tuesday.
Shares of Tilray Inc (NASDAQ:TLRY) are trading higher after announcing an agreement with Grow Pharma to import and distribute Tilray's medical cannabis products into the United Kingdom.
According to the press release, this agreement allows Tilray to provide authorized U.K. patients with a locally maintained supply of medical cannabis solutions.
Tilray engages in the research, cultivation, processing, and distribution of medical cannabis.
The company offers its products to patients, physicians, pharmacies, governments, and hospitals; and for researchers for commercial purposes, as well as compassionate access and clinical research applications.
Shares of Aphria Inc (NASDAQ:APHA) are trading higher in sympathy with the news. Last month, our team reported Aphria and Tilray announced a merger to create the largest enterprise in the industry by revenue.
Shares of Zynga Inc (NASDAQ:ZNGA) are trading higher on news that Electronic Arts Inc. (NASDAQ:EA) plans to acquire Glu Mobile Inc. (NASDAQ:GLUU).
Zynga develops, markets, and operates social games as live services in the United States and internationally. The company was founded in 2007 and is headquartered in San Francisco, California.
