Is Sundial Growers (SNDL) Ready to Hit $5 This Month?

Pot stocks may have struggled in the not too recent past but it seems many of those stocks are now making a comeback and one of the stocks that could be tracked at this point is the Sundial Growers Inc (NASDAQ: SNDL) stock.

On Wednesday, it emerged as the biggest gainer among pot stocks with gains of as big as 79%. However, that is not all. The latest gains took its total gains for the week so far to 140%. A major reason for the remarkable rally in the stock in 2021 so far is primarily due to the focus that it has got from investors on social media platforms and on Reddit.

There has been a considerable rise in the number of call option volumes in the Sundial stock and it was the same maneuver that had been used by retail investors to drive up the prices of stocks like GameStop and AMC. Sundial is not yet a profit-making company but it could still be worth tracking at this point.

Is Sundial Growers (SNDL) Ready to Hit $5 This Month?

Anthony Gonzales

Biotech, Tech, and Crypto reporterAnthony Gonzales brings 3 years of experience in helping grassroots, mid-sized organizations and large institutions strengthen their management and resource generating capacities and effectively plan for the future. He is also a mentor and professional advisor to artists working in all disciplines. He is the gold medalist from St. Marco University of Science and Technology in the Bachelors of Financial Management as well.