Why Sundial Growers Stock Dropped Today
After investors drove the stock of Sundial Growers (NASDAQ: SNDL) up 21% yesterday in anticipation of the company's first-quarter report, shares of the Canadian cannabis company are going in reverse today. As of 11 a.m. ET on Tuesday, the stock had recovered slightly from a more than 6% drop but remained down 3.1%. It's unclear what investors were banking on hearing from the quarterly report to make them drive the shares so much higher yesterday.