Sundial Growers (SNDL) Attempts To Recover After The Recent Slump

The cannabis stock Sundial Growers (NASDAQ: SNDL) is on the move this morning and has already jumped by as high as 6% during premarket trading.

Sundial is involved in the marijuana growing space and although it does not run a particularly big operation, the stock has garnered considerable attention among investors in recent times. However, it is easy to see why the stock has garnered attention. Unlike many other cannabis stocks, Sundial is listed on the Nasdaq Exchange and that gives it exposure to a much larger pool of investors.

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The Sundial stock is not only cheap but it is easier for investors to get into it since it is listed on one of the world’s most prominent stock exchanges. On the other hand, Sundial was one of the stocks that had also enjoyed a remarkable rally back in January and February due to the actions of users on Reddit. Following the gains made in the pre-market trading period today, it might be worthwhile for investors to keep an eye on the Sundial stock today.

Michael Rowels

Weekend Contributor. Writing for business and finance publishers has become his passion over the last decades after he completed a master's degree in Financial Management. Sharing some opinions and forecasts to thousands of readers is a routine job for him but he never promises to invest in one stock.