Sundial Growers (SNDL) stock has been on the rise since Thursday 12, rising by 9.93% over the past five days.
The Sundial Growers stock has been on a general bearish trend since August 2019; when it was trading above $11. However, the majority of investors believe the drop would have been because of the Covid-19 pandemic and it is likely to rise this year.
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To help stock traders eying the SNDL stock, Invezz has created a brief article on what SNDL stock is and the best place to buy it.
To find out more, please continue reading.
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SNDL is the stock of Sundial Growers Inc. and it trades on NASDAQ under the symbol NASDAQ: SNDL.
Sundial Growers Inc. is a Canadian company headquartered in Calgary. It engages in the production and sale of cannabis products.
The company was incorporated in the year 2006.
On Oct. 7 it announced that it had acquired “all of the issued and outstanding common shares†of Alcanna Inc.
If you are looking for an affordable stock of a company dealing with cannabis, the SNDL stock could be a good choice.
Although the SNDL stock has shown signs of bouncing back, the recovery is too slow and it could take time for the stock to get to the highs of 2019.
The majority of stock analysts expect the Sundial Growers (SNDL) to rise above $0.5 by the end of the week and possibly get above $1 by the end of the second quarter of 2022.
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