Investors Are Bullish On This Cannabis Stock: Should You Hold SNDL Inc (SNDL) Wednesday?

Cannabis stock SNDL Inc (SNDL) is higher by 5.58% Wednesday. Overall market sentiment has been high on SNDL Inc (SNDL) stock lately. SNDL receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

SNDL Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on SNDL!

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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. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With SNDL Stock Today?

SNDL Inc (SNDL) stock is trading at $2.08 as of 12:22 PM on Wednesday, Mar 27, a gain of $0.11, or 5.58% from the previous closing price of $1.97. The stock has traded between $1.87 and $2.10 so far today. Volume today is more active than usual. So far 8,313,529 shares have traded compared to average volume of 4,527,404 shares. To screen for more stocks like SNDL Inc click here.

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