Why Sundial Growers Stock Jumped 72% Last Month
Shares of Sundial Growers (NASDAQ: SNDL) surged last month, as the company benefited from a Reddit-fueled short squeeze at the end of January. It also rose earlier in the month on hopes for marijuana legalization under the Biden administration, and after two Democrats won Senate runoff races in Georgia.
According to data from S&P Global Market Intelligence, the stock finished the month up 72%. As you can see in the chart below, the gains came in two separate waves:
Source Fool.com
