Shares of Sundial Growers (NASDAQ:SNDL) saw unusually-strong trading volume on Wednesday . Approximately 2,114,942 shares traded hands during trading, an increase of 126% from the previous session’s volume of 936,651 shares.The stock last traded at $5.22 and had previously closed at $4.40.

A number of research analysts recently weighed in on SNDL shares. Barclays started coverage on shares of Sundial Growers in a research report on Friday, September 27th. They set an “overweight” rating and a $7.00 price objective on the stock. Cowen started coverage on shares of Sundial Growers in a research report on Monday, August 26th. They set an “outperform” rating and a $20.00 price objective on the stock. CIBC started coverage on shares of Sundial Growers in a research report on Monday, August 26th. They set a “neutral” rating and a $11.00 price objective on the stock. Finally, BMO Capital Markets upgraded shares of Sundial Growers from a “market perform” rating to an “outperform” rating and set a $12.00 price objective on the stock in a research report on Tuesday, September 10th.

Sundial Growers (NASDAQ:SNDL) last released its quarterly earnings results on Wednesday, August 14th. The company reported ($0.12) earnings per share for the quarter. The business had revenue of $14.43 million for the quarter.

About Sundial Growers (NASDAQ:SNDL)

Sundial Growers, Inc produces, distributes, and sells cannabis. It intends to target the premium segment of the adult-use cannabis market. The company was founded by Stanley J. Swiatek and is headquartered in Calgary, Canada.

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