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Stock impact report

Sundial Growers: The Truth About This Hot Meme Stock [Yahoo! Finance News]

SNDL Inc. - Common Shares (SNDL) 
Sundial GrowersSNDLsndl stock Sundial Growers company logo icon on websiteSource: Postmodern Studio / Shutterstock.comLast fall, SNDL stock was trading around 25 cents per share and generating huge operating losses. Analysts were suggesting that the company faced bankruptcy risk. Things looked bleak.Then theReddit - Stock Market , Stock Advice & Trading TipsSundial Is Cashed Up, But With Massive DilutionThe company took advantage of this run-up to issue a gargantuan amount of stock. So much, in fact, that it paid off its debts and ended up with a billion dollars of cash left over. It was an incredible move.However, Sundial also ended up with an enormous amount of outstanding stock; it has more than 6 billion shares outstanding at this time. This means it has a market capitalization of $5 billion as well given the current share price.Traders are also buying and selling more than 200 million shares of SNDL stock daily on average. That’s an amazing amount. So don’t mistake the low share Show less Read more
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