Trulieve Cannabis (NYSE:TRLV) Shares Down 6.2% – What’s Next?

Trulieve Cannabis Corp. (NYSE:TRLV)’s share price was down 6.2% during mid-day trading on Monday . The stock traded as low as $9.51 and last traded at $9.4710. Approximately 181,491 shares changed hands during trading, a decline of 63% from the average daily volume of 495,035 shares. The stock had previously closed at $10.10.

Analysts Set New Price Targets

Separately, Weiss Ratings assumed coverage on Trulieve Cannabis in a research report on Tuesday, June 16th. They issued a “sell (d-)” rating for the company. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

Trulieve Cannabis Trading Down 8.1%

Trulieve Cannabis Company Profile

Trulieve Cannabis Corp. is a vertically integrated cannabis company focused on the cultivation, processing, and retail sale of medical and adult-use cannabis products. The company offers a range of products that may include flower, pre-rolls, concentrates, edibles, vape products, and topicals through its dispensary network and branded product portfolio.

Trulieve’s operations have been centered primarily in the United States, with a strong presence in Florida and additional markets in other states where cannabis is legally regulated.