Sundial Growers (NASDAQ: SNDL) went on a queasy roller coaster ride Thursday, with the stock rising as much as 6%-plus during the trading day, only to close nearly 16% lower. That isn't out of the ordinary for a low-priced stock, but there are circumstances around Sundial that make it unique.
Sundial rocketed to semi-fame when it became a fat blip on the radar of the (in)famous WallStreetBets group on Reddit earlier this month. Ever since the group's big power play on GameStop , its posts on inexpensive stocks have been scrutinized and, in many cases, acted upon.
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Why Sundial Growers Stock Rose, Then Crashed on Thursday