Why Sundial Growers Stock Plummeted 32.9% in April
Shares of Sundial Growers (NASDAQ: SNDL) fell 32.9% April, according to data from S&P Global Market Intelligence. The Canadian cannabis company closed March 31 at $0.70, then gradually fell to a low of $0.4694, where it closed at the end of April. That wasn't far off from the company's 52-week low of $0.40 a share and a long way from its 52-week high of $1.49.
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It wasn't a great month for cannabis stocks as the EFTMG Alternative Harvest Cannabis ETF was down more than 8% in that period, but Sundial had problems on top of that. It wasn't just one thing that drove the company's stock steadily downward, but a series of problems.
Source Fool.com
