Sundial Growers Inc (SNDL)

[Rocketred]

Takeover or Merger ? SNDL Stock Price Increases 32.86%: Why It Happened
By Amit Chowdhry ? November 28, 2020


AlternativeFinanceNews.com updated one of its articles saying that a press release is expected December 2 with a possible announcement about a Sundial merger.



The stock price of Sundial Growers Inc (NASDAQ: SNDL) increased by 32.86% on Friday November 27 as it went from a previous close of $0.28 to $0.37 per share. These are some of the reasons why the stock price surged.
The stock price of Sundial Growers Inc (NASDAQ: SNDL) — a company that engages in the production, distribution, and sale of cannabis products — increased by 32.86% on Friday, November 27 as it went from a previous close of $0.28 to $0.37 per share. The company’s stock price also increased another 7.5% after hours to a price of $0.40 per share. SNDL also saw a bump in trading as 326 million shares were traded on Friday alone. These are some of the reasons why the stock price increased.

Rumor About An Acquisition

If you rewind back to August 2020, Sundial Growers had announced it was initiating and continuing a process to explore strategic alternatives focused on maximizing shareholder value. And Sundial’s board of directors had authorized management and its external advisors to consider a broader range of strategic alternatives, including a potential sale of the company or a merger. AlternativeFinanceNews.com updated one of its articles saying that a press release is expected December 2 with a possible announcement about a Sundial merger.



https://pulse2.com/sndl-stock-price-increases-nasdaq-sundial-growers-32-86-why-it-happened/