Pot Stock Rising With Bearish Sentiment Thursday: Should You Add SNDL Inc (SNDL) To Your Portfolio?

Pot stock SNDL Inc (SNDL) is higher by 0.89% Thursday. SNDL Inc (SNDL) stock is lower by 0.74% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.

SNDL Inc has a Bearish 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?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. 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?

SNDL Inc (SNDL) stock is trading at $1.34 as of 10:52 AM on Thursday, Mar 7, a rise of $0.01, or 0.89% from the previous closing price of $1.33. The stock has traded between $1.32 and $1.35 so far today. Volume today is below average. So far 465,934 shares have traded compared to average volume of 2,817,177 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.