Sundial Growers (SNDL) rose to prominence this morning as its share price increased by more than 45%. SNDL attracted attention on the WallStreetBets Reddit, with investors speculating that SNDL was a heavily-shorted stock.
Is this yet another short squeeze after the ones seen for stocks like GameStop (GME) and AMC Entertainment (AMC) in recent weeks? It could well be.
If you want to invest in Sundial Growers, you will want to know what the company is, the best place to buy SNDL shares, and the best apps to trade SNDL with.
What is SNDL?
SNDL is a Canadian-based cannabis company that was incorporated in 2006 and is listed on the NASDAQ. Its business model includes the production, distribution, and sale of cannabis products for an adult demographic. In addition, SNDL plays a part in the production, distribution, and sale segments of the supply chain.
Find out how to buy SNDL shares.
How to buy SNDL stock today
If you want to buy SNDL stock, a reliable broker is a necessity. In light of the many trading restrictions that have occurred this week, investing in Sundial Growers is a practice that will require you to pay extra attention to your broker.
We’ve reviewed plenty of the top brokers, but below are our top 3 for investing in HCMC.
1. Fidelity
Fidelity is a great platform for users to get involved in SNDL with. It has a clean interface and has remained reliable throughout the WallStreetBets saga.
3. Capital.com
With a clear, crisp interface, Capital.com is a good choice for investors to trade SNDL through.
2. eToro
As one of the most popular trading platforms in all of Europe, eToro has the credentials that few other brokers do. It is a strong option for you to invest in SNDL.
If you want to know more about investing before buying SNDL stock, check out our guide to buying shares.
Why is SNDL going up in value so quickly?
Some think Sundial Growers is nothing more than the latest WallsStreetBets pump, but things might not be that simple.
Having announced a new offering, some investors are buying into a more long-term trajectory of growth for SNDL. Many expect its growth to continue. If you want to buy SNDL, now could be a good time.
For more on SNDL and other stocks, be sure to check out the news on our website.
The post Best places to buy SNDL: the latest WallStreetBets play appeared first on Invezz.
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Charlie Hancox
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