0.8531 +0.02 (2.28%)
Pre-market: 5:21AM EDT
|Bid||0.0000 x 1200|
|Ask||0.0000 x 3200|
|Day's range||0.8300 - 0.8950|
|52-week range||0.1380 - 3.9600|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
It has been a volatile year for cannabis producer Sundial Growers (NASDAQ: SNDL). With tons of cash on its books and Sundial looking for a deal, this is a stock that still has plenty of potential to rise in value. A drop in price doesn't mean investors should ignore the risks involved with Sundial.
The more volatile things have been for equities, the more enticing it's been to young and novice investors. Just take a closer look at the success of online investing app Robinhood. Robinhood, which is known for its commission-free trades and gifting of free shares of stock to new members, gained in the neighborhood of 3 million new users in 2020.
Shares of Sundial Growers (NASDAQ: SNDL) jumped 11% Monday as potentially game-changing marijuana legislation took an important step forward. The bill seeks to allow banks and other financial service providers to legally serve cannabis companies. Many banks have declined to work with even state-licensed marijuana producers for fear of running afoul of federal law.