Sundial Growers Inc is a player in the cannabis industry that is higher by 1.34% Wednesday. The market has been down on Sundial Growers Inc (SNDL) stock recently. SNDL gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.
Sundial Growers Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on SNDL!
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With SNDL Stock Today?
Sundial Growers Inc (SNDL) stock is trading at $0.66 as of 2:28 PM on Wednesday, Nov 3, an increase of $0.01, or 1.34% from the previous closing price of $0.65. The stock has traded between $0.65 and $0.68 so far today. Volume today is 75,031,882 compared to average volume of 91,415,415.
To screen for more stocks like Sundial Growers Inc click here.
More About Sundial Growers Inc
Sundial Growers Inc is engaged in producing and marketing cannabis for the adult-use market. Some of its products are Lemon Riot, Daydream, Zen Berry, Twilight, Tropical Bliss, Pillow Talk, Citrus Punch, and others. The company's primary focus is on producing and distributing inhalable products and brands (flower, pre-rolls, and vapes). some of its brands include Sundial, Top Leaf, Palmetto, and Grasslands.
Click Here to get the full Stock Report for Sundial Growers Inc stock.
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