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

Pot stock Sundial Growers Inc is higher by 2.73% Wednesday. Sundial Growers Inc (SNDL) stock is lower by 5.66% over the past week and gets a Bearish rating from InvestorsObserver 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!

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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. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With SNDL Stock Today?

Sundial Growers Inc (SNDL) stock is trading at $0.50 as of 2:25 PM on Wednesday, Mar 9, a gain of $0.01, or 2.73% from the previous closing price of $0.48. The stock has traded between $0.50 and $0.51 so far today. Volume today is less active than usual. So far 37,448,343 shares have traded compared to average volume of 77,796,439 shares. 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.