Should You Buy Sundial Growers on the Dip?
It has been a volatile year for cannabis producer Sundial Growers (NASDAQ: SNDL). At one point, shares of the company were up more than 400% in 2021. And although they are still up about 90% year to date and have significantly outperformed the S&P 500's gains of just 11%, things have clearly cooled off.
There have been no recent developments to suggest things have gotten any worse for the company; instead, it's likely that the Reddit-fueled hype that sent the stock to highs of nearly $4 a share is simply no longer there. 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. But the big question is whether the price is low enough that it is now worth the risk.
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Source Fool.com
