Louis Navellier’s #1 Stock for 2022

On October 20, the man who recommended Google before anyone else will reveal his #1 stock pick for 2022 — for FREE — ticker symbol and all — in a special presentation.

Wed, October 20 at 4:00PM ET
 
 
 
 

SNDL Stock: What’s Working Up Investors as Sundial Growers Trends on 4/20?

Sundial Growers (NASDAQ:SNDL) stock is on a wild ride Tuesday as the stock trends with a fair amount of trading taking place today.

marijuana in storage

Source: Shutterstock

Starting off, more than 176 million shares of SNDL stock have changed hands as of this writing. To put that in perspective, the company’s daily average trading volume is 492 million shares. SNDL still has a ways to go to reach that, but it’s still early in the trading day.

So how exactly is this movement affecting SNDL stock? The shares started off this morning up from their previous close. It reached a roughly 9.6% gain before starting to fall again. Now, as of Tuesday morning, the stock is down 3.5%.

The volatility around Sundial Growers stock today is likely due to a couple of factors. First off, it’s April 20 today, or 4/20. While the day of celebration among weed lovers isn’t likely to have a major effect on SNDL stock, it’s still worth mentioning.

Secondly, SNDL stock got a boost yesterday from the SAFE Banking Act being voted on yesterday. This opens the way for banks to do business with cannabis companies without facing legal backlash from the government.

Keeping all of those factors above in mind, let’s take a look at how Twitter users are reacting to SNDL stock’s movement today.

Investors high on weed stocks today need look no further for snacks.

We’ve been covering marijuana stocks, including SNDL, to offer up the best coverage of the sector to investors. That includes Medical Marijuana (OTCMKTS:MJNA), Tilray (NASDAQ:TLRY), and others. Investors can check out the latest cannabis news below.

More Pot Stocks News

On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article.

With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that InvestorPlace.com’s writers disclose this fact and warn readers of the risks. Read More: Penny Stocks — How to Profit Without Getting Scammed


Article printed from InvestorPlace Media, https://investorplace.com/2021/04/sndl-stock-whats-working-up-investors-as-sundial-growers-trends-on-4-20/.

©2021 InvestorPlace Media, LLC