Forget Sundial Growers: These Penny Stocks Are Much Better Buys
For the past three months, there pretty much hasn't been a more popular penny stock on Wall Street than Canadian pot company Sundial Growers (NASDAQ: SNDL). Through this past weekend, shares of Sundial were higher by almost 550% since early November.
In recent weeks, the Reddit-based frenzy has been primarily responsible for pushing shares into the stratosphere. Sundial doesn't have the high levels of short interest that retail investors have been hunting lately, but it does have a low share price -- and that's an insatiable lure to millennial and novice investors.
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Source Fool.com
