Trulieve Cannabis (NYSE:TRLV) Sees Large Volume Increase – Should You Buy?

Trulieve Cannabis Corp. (NYSE:TRLV) shares saw an uptick in trading volume on Tuesday . Approximately 853,550 shares were traded during trading, an increase of 61% from the previous session’s volume of 529,446 shares.The stock last traded at $8.5190 and had previously closed at $9.12.

Analyst Upgrades and Downgrades

TRLV has been the topic of a number of recent analyst reports. Zacks Research raised shares of Trulieve Cannabis to a “hold” rating in a research report on Thursday, June 18th. Weiss Ratings assumed coverage on shares of Trulieve Cannabis in a research report on Tuesday, June 16th. They set a “sell (d-)” rating for the company. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce”.

Trulieve Cannabis Price Performance

Insider Buying and Selling

In related news, CEO Kim A. Rivers sold 204,815 shares of the firm’s stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $9.35, for a total transaction of $1,915,020.25. Following the completion of the transaction, the chief executive officer directly owned 2,693,724 shares in the company, valued at $25,186,319.40. This trade represents a 7.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 482,196 shares of company stock worth $4,525,291.

About Trulieve Cannabis

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.