This Pot Stock Has a Bullish Sentiment Score and is Rising: Should You Hold SNDL Inc (SNDL) Friday?

SNDL stock is higher by 7.29% Friday as the pot stock increases $0.17 and outperforms the market. The market has been high on SNDL Inc (SNDL) stock recently. SNDL gets a Bullish score 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?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. 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 $2.58 as of 11:00 AM on Friday, Nov 11, a gain of $0.17, or 7.29% from the previous closing price of $2.40. The stock has traded between $2.33 and $2.59 so far today. Volume today is light. So far 2,164,411 shares have traded compared to average volume of 4,388,225 shares.

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.