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Should SNDL Investors Jump Ship After Its Reverse Stock Split?

David Jagielski, The Motley Fool
·3 min read
Should SNDL Investors Jump Ship After Its Reverse Stock Split?

With shares trading at more than $2 late last month, investors of SNDL (NASDAQ: SNDL), formerly known as Sundial Growers, may have gotten excited that there was some great news that finally lifted the stock up in value. It was a move the company needed to get its share price back over $1 and thus remain listed on the Nasdaq. Shares of SNDL have been falling again since the reverse split, and it's now down more than 70% over the past 12 months (by comparison, the Horizons Marijuana Life Sciences ETF has declined over 60%).

Continue reading

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