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Should you hold SNDL Inc (SNDL) on Friday?

SNDL stock is up 7.29% on Friday, with the pot stock rising $0.17 and outperforming the market. The market was high on SNDL Inc (SNDL) stock recently. SNDL gets a bullish score of InvestorsObserver Stock market sentiment indicator.

SNDL Inc has a bullish sentiment reading. Find out what this means for you and get the rest of the rankings on SNDL!

What is stock market sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information on the health of the underlying company’s profitability in our sentiment score. As a technical indicator, news about the stock or company, such as an earnings release or other event, could move the stock against the recent trend. Price action is usually the best indicator of sentiment. For a stock to go up, investors need to feel good. Similarly, a stock that is in a downtrend should be out of favor.

InvestorsObserverThe sentiment indicator takes into account price action and recent volume trends. Rising volumes often mean a trend is gaining strength, while falling volumes can signal that a reversal could occur soon. The options market is another place to get sentiment signals. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks when options are available.

What’s going on with SNDL stocks today?

SNDL Inc (SNDL) stock is trading at $2.58 at 11:00 a.m. on Friday, November 11, a gain of $0.17, or 7.29% from the previous closing price of $2.40 . The stock has traded between $2.33 and $2.59 so far today. The volume today is light. So far, 2,164,411 shares have been traded with an average volume of 4,388,225 shares.

Learn more about SNDL Inc.

SNDL Inc, formerly Sundial Growers Inc, is engaged in the production and marketing of cannabis for the adult market. Some of its products are Lemon Riot, Daydream, Zen Berry, Twilight, Tropical Bliss, Pillow Talk, Citrus Punch and others. The main objective of the company is to produce and distribute inhalable products and brands (flowers, pre-rolls and vapes). some of its brands include Sundial, Top Leaf, Palmetto and Grasslands. Its three reportable segments: cannabis operations, retail operations and investments.

Click here for the full SNDL Inc. stock report.

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