3 Marijuana Stocks That Have Made Recent Headlines
Apr 19, 2021 (Baystreet.ca via COMTEX) —
Vancouver, BC – USA News Group – The marijuana industry is a budding sector that is increasing rapidly as more companies become public in the U.S. and Canada, but some of them are overvalued and can be attractive to short sellers. While investors are drawn to the industry, there are too many players, which can create a lot of ‘white noise’ out there; there’s definitely a seasonality with pot stocks and come April, the liquidity usually drops off a cliff into the summer and generally speaking, that could be a good entry point.
Here are three marijuana stocks with recent published commentary to be aware of:
Sundial Growers (NASDAQ: SNDL) Barron’s reported “Sell Sundial Growers, Analyst Says. The Cannabis Stock’s Price Doesn’t Match Fundamentals.” Among companies with a market cap of at least $2 billion, data from Finviz shows that Canadian marijuana stock Sundial Growers has a high short percentage, relative to its float. had 166,390,000 shares are held short as of March 15, 2021 or about 10.07% of float currently held short. Canaccord on March 19, 2021 downgraded Sundial to a SELL. Sundial has been falling since February 10, 2021 from a high of USD$2.95 to the current price of ~USD$0.98. BMO Capital Markets downgraded Sundial to Underperform on March 10, 2021.
IM Cannibis (NASDAQ: IMCC) was recently…
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3 Marijuana Stocks That Have Made Recent Headlines
Apr 19, 2021 (Baystreet.ca via COMTEX) —
Vancouver, BC – USA News Group – The marijuana industry is a budding sector that is increasing rapidly as more companies become public in the U.S. and Canada, but some of them are overvalued and can be attractive to short sellers. While investors are drawn to the industry, there are too many players, which can create a lot of ‘white noise’ out there; there’s definitely a seasonality with pot stocks and come April, the liquidity usually drops off a cliff into the summer and generally speaking, that could be a good entry point.
Here are three marijuana stocks with recent published commentary to be aware of:
Sundial Growers (NASDAQ: SNDL) Barron’s reported “Sell Sundial Growers, Analyst Says. The Cannabis Stock’s Price Doesn’t Match Fundamentals.” Among companies with a market cap of at least $2 billion, data from Finviz shows that Canadian marijuana stock Sundial Growers has a high short percentage, relative to its float. had 166,390,000 shares are held short as of March 15, 2021 or about 10.07% of float currently held short. Canaccord on March 19, 2021 downgraded Sundial to a SELL. Sundial has been falling since February 10, 2021 from a high of USD$2.95 to the current price of ~USD$0.98. BMO Capital Markets downgraded Sundial to Underperform on March 10, 2021.
IM Cannibis (NASDAQ: IMCC) was recently…
