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Investors Are Bearish On This Pot Stock: Should You Drop SNDL Inc (SNDL) Monday?

Monday, September 26, 2022 09:50 AM | InvestorsObserver Analysts

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Investors Are Bearish On This Pot Stock: Should You Drop SNDL Inc (SNDL) Monday?

SNDL Inc is a player in the cannabis industry that is higher by 0.87% Monday. Overall market sentiment has been down on SNDL Inc (SNDL) stock lately. SNDL receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bearish
SNDL Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on SNDL!

What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With SNDL Stock Today?

SNDL Inc (SNDL) stock has gained 0.87% while the S&P 500 is down -0.16% as of 9:50 AM on Monday, Sep 26. SNDL is higher by $0.02 from the previous closing price of $2.30 on volume of 199,876 shares. Over the past year the S&P 500 has fallen -17.01% while SNDL is down -68.13%. SNDL lost -$0.52 per share in the over the last 12 months. To see InvestorsObserver's Sentiment Score for SNDL Inc click here.

More About SNDL Inc

SNDL Inc, formerly 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. Its three reportable segments: are cannabis operations, retail operations and investments. Click Here to get the full Stock Report for SNDL Inc stock.

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