
Join options trader Ben Sturgill as he reveals his most reliable options strategies - live. Seats are limited.
Save your seatSNDL bounced from roughly $1.15 at its 52 week low to about $1.49 recently as buyback support, restructuring progress, and cannabis rescheduling optimism kept it off the lows.
If the stock loses $1.40, it has the potential to fade back toward $1.25 to $1.15. Weak cannabis retail demand or another quarter of negative cash flow would likely speed up that move.
If SNDL holds the $1.40 to $1.45 area and keeps seeing support from active share repurchases, a push back toward $1.70 to $1.90 is on the table. Resistance at $1.50 is the first hurdle.
We don't currently have information about SNDL Inc.'s earnings.