SNDL - Pot stock volatility cools down before the bell
Squeeze stocks that have been in the sights of Reddit's WallStreetBets board are seeing less volatility, with premarket share moves relatively smaller.Pot stocks, which plunged yesterday after becoming the latest target of retail traders and options buyers, are mostly higher before the bell.Yesterday's selling in the group was enough to move the Canadian benchmark index (SPTSX), despite the small weighting of pot companies.Tilray (TLRY) is up 5%, Sundial Growers (SNDL) is down 4%, Aurora Cannabis (ACB) is up 1%, Hexo (HEXO) is up 2%, Cronus is up 4% and Canopy Growth (CGC) is up 1%. OrganiGram Holdings (OGI) is looking the most volatile, up 8%.Among ETFs, the ETFMG Alternative Harvest ETF (MJ), is up 1% premarket after a drop of nearly 25% yesterday. The AdvisorShares Pure Cannabis ETF (YOLO) is up 2% and the Global X Cannabis ETF (POTX) is up 2%.The original squeeze and gamma stocks are also seeing much more muted moves.GameStop (GME) is off 0.4% after holding above $50 for three-straight sessions.AMC (AMC) is up 0.7%,
For further details see:
Pot stock volatility cools down before the bell