The stock market was generally higher on Thursday morning, although trading was somewhat choppy yet again. Investors seem a little timid with stocks at or near all-time highs, but as of 10:30 a.m. EST, the Dow Jones Industrial Average (DJINDICES: ^DJI) was up 49 points to 31,487. The S&P 500 (SNPINDEX: ^GSPC) had risen 8 points to 3,918, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) had moved higher by 49 points to 14,022.
Squarely in the focus of momentum investors lately has been Sundial Growers (NASDAQ: SNDL) , and shares of the marijuana stock continued to move higher on Thursday morning. Also picking up steam was Pinterest (NYSE: PINS) , which apparently had a big-name company looking at its social media business as a potential acquisition.
Sundial Growers was higher by 13% Thursday morning, having opened with a 34% gain before seeing its share price fall back somewhat. The cannabis company has become the focal point of attention from individual momentum traders discussing stocks on high-traffic discussion forums, pushing Sundial's business into the spotlight and its stock into lists of most popular investments on investing app Robinhood.
For further details see:
Why Sundial Growers and Pinterest Jumped Out of the Stock Market Gate on Thursday