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.

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

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