Here's Why Snap, Alibaba, Tilray, Aurora And Aphria Are Moving

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. 

See also: How To Buy Apple Stock

Here’s why shares of Snap, Alibaba and cannabis companies are moving. 

Shares of Snap Inc SNAP are trading higher, potentially in anticipation of the company's Thursday earnings report. 

Snap, which refers to itself as a camera company, has one of the most popular social networking apps, Snapchat. The company generates nearly all of its revenue from advertising, with 88% coming from the U.S.

Shares of Alibaba Group Holding Ltd BABA are trading higher after Raymond James maintained the company with a Strong Buy and raised the price target from $330 to $350.

See also: How To Buy Alibaba Stock

Alibaba operates China's most-visited online marketplaces- the consumer-to-consumer driven Taobao and business-to-consumer focused Tmall.

Shares of Tilray Inc TLRY, Aurora Cannabis Inc ACB and Aphria Inc APHA are trading higher following the announcement of the Jazz Pharma deal for GW Pharma. 

GW Pharma was one of the first pharma companies to use cannabinoids for medical therapy.