Sundial Growers Has More Than One Way Back to Higher Prices
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Given its big drop in recent months, I can see why many investors are passing up on Sundial Growers (NASDAQ: SNDL ) stock. Back down well below $1 per share, sentiment has whipsawed from bearish to bullish to bearish for this Canada-based cannabis play. Source: Postmodern Studio / Shutterstock.com During the early months of 2021, this low-priced stock zoomed more than seven-fold, to as much as $3.96 per share. It's not for certain, but some may chalk this up to en masse buying by Reddit traders. It should be noted, too, that at the time, there was increased buzz surrounding marijuana stocks. This was due to speculation that the U.S. federal government was moving towards reforming the current laws on the books. Whatever the reason for its surge, steadily throughout the year, Sundial has given back tremendous gains. The hype surrounding the pot sector has largely faded. The company's decision to raise capita