SNDL Inc. (NASDAQ:SNDL – Get Free Report)’s share price traded down 0.8% during trading on Friday . The stock traded as low as $1.28 and last traded at $1.28. Approximately 886,411 shares changed hands during trading, a decline of 46% from the average session volume of 1,635,052 shares. The stock had previously closed at $1.29.
Analyst Ratings Changes
A number of research analysts have recently commented on SNDL shares. Weiss Ratings reissued a “sell (e+)” rating on shares of SNDL in a report on Thursday, June 11th. Zacks Research upgraded SNDL from a “strong sell” rating to a “hold” rating in a report on Thursday, May 28th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $5.00.
Get Our Latest Analysis on SNDL
SNDL Trading Down 0.8%
Institutional Trading of SNDL
Hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. bought a new position in shares of SNDL during the 3rd quarter worth about $5,039,000. AdvisorShares Investments LLC raised its position in shares of SNDL by 10.5% during the fourth quarter. AdvisorShares Investments LLC now owns 3,637,388 shares of the company’s stock valued at $6,038,000 after buying an additional 344,896 shares during the last quarter. PFG Investments LLC lifted its stake in shares of SNDL by 53.8% in the fourth quarter. PFG Investments LLC now owns 20,000 shares of the company’s stock valued at $33,000 after buying an additional 7,000 shares during the period. SG Americas Securities LLC bought a new stake in shares of SNDL in the fourth quarter valued at about $69,000. Finally, Cambria Investment Management L.P. grew its position in SNDL by 41.9% during the third quarter. Cambria Investment Management L.P. now owns 525,606 shares of the company’s stock worth $1,409,000 after buying an additional 155,236 shares in the last quarter.
About SNDL
SNDL Inc, formerly known as Sundial Growers Inc, is a Canada-based consumer packaged goods company focused on the production, manufacturing and distribution of cannabis products. Headquartered in Calgary, Alberta, SNDL operates multiple cultivation and processing facilities across Canada, including indoor and hybrid greenhouses in British Columbia and Ontario. The company serves both adult-use and medical cannabis markets, supplying provincial distributors as well as operating through its own wholesale and retail networks.
The company’s product portfolio spans dried flower, pre-rolls, vape cartridges, cannabis oils, edibles and infused beverages under a variety of in-house brands.
Featured Stories
- Five stocks we like better than SNDL
- AST SpaceMobile Stock Sinks as SpaceX Fallout Rattles Space Sector
- Aehr Test Systems Stock Soars on Earnings, Eyes Over 150% Revenue Growth
- TSMC Just Gave AI Chip Bulls Another Reason to Stay Confident
- GE Aerospace Faces a Prove-It Moment in Q2 Earnings
Receive News & Ratings for SNDL Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SNDL and related companies with MarketBeat.com's FREE daily email newsletter.
