This Cannabis Stock Has a Bearish Sentiment Score and is Falling: Should You Hold SNDL Inc (SNDL) Tuesday?

SNDL Inc is a player in the cannabis industry that is lower by 4.1% Tuesday. The market has been down on SNDL Inc (SNDL) stock recently. SNDL gets a Bearish score from InvestorsObserver Stock 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. 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 is trading at $2.57 as of 11:26 AM on Tuesday, Sep 6, a loss of -$0.11, or -4.1% from the previous closing price of $2.68. The stock has traded between $2.54 and $2.69 so far today. Volume today is light. So far 1,645,158 shares have traded compared to average volume of 8,699,311 shares. 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.