Can you buy sundial growers stock on Robinhood?
· SNDL stock had been up from the 60 cent range to more than a dollar on Thursday morning. It then dropped back to 82 cents for the close, following the …
What's happening with sundial stock?
· At least for the time being, Sundial is no longer a traditional cannabis stock. Instead, it’s a Robinhood play. Right now, Sundial’s fate is …
Why can’t I buy stocks on Robinhood?
You can buy and sell Sundial Growers (SNDL) and other stocks, ETFs, and options commission-free on Robinhood with real-time quotes, market data, and relevant news. Other Robinhood Financial fees may apply, check rbnhd.co/fees for details.
What is sundial doing to comply with the minimum bid requirement?
· Sundial — whose shares had been trading below $1 on the Nasdaq — had won a reprieve from a threat to delist its shares. In December Nasdaq granted Sundial until June 26, 2021 to keep its stock ...
Can You buy Sundial stock on Robinhood?
Quite a few U.S.-based cannabis companies are profitable and arguably have better growth prospects than Sundial and Aurora. However, their shares are only available over the counter (OTC) for U.S. investors. Robinhood doesn't support trading most OTC stocks.
Why can't I buy certain stocks on Robinhood?
Stocks may not be searchable, or may be labeled as untradable for a few reasons: The exchange has paused trading. The stock was delisted from the major exchanges and trades in the OTC market. It's a foreign security, which we don't support.
How do I buy sundial stock?
Sundial Growers is listed on the NASDAQ and employs 394 staff....How to buy shares in Sundial GrowersCompare share trading platforms. ... Open your brokerage account. ... Confirm your payment details. ... Research the stock. ... Purchase now or later.More items...
Is Robinhood limiting SNDL?
Closing positions only, to be clear, means that traders can only sell their existing positions in the particular stocks noted by the platform — GameStop, AMC, BlackBerry and Sundial, among others. So, with that move, Robinhood stopped its users from buying additional shares in those listed stocks, including SNDL stock.
What happens when a stock is no longer supported by Robinhood?
If a stock that you own delists, you'll be able to sell it in the market, but you won't be able to purchase additional shares. Once a stock delists, the in-app market data will no longer reflect the current trading price.
Why are some stocks not optionable?
In order for a stock to be optionable, it must meet minimum criteria established by exchanges. Currently, there are more than 5,000 companies with optionable stocks, as well as several hundred more exchange traded funds (ETF) with listed options.
Is SNDL a Buy Sell or Hold?
The consensus rating for Sundial Growers is Hold while the average consensus rating for medical companies is Buy. Learn more on how SNDL compares to other companies.
Why did Robinhood restrict me from buying?
If you declare yourself as a control person for a company, you are typically blocked from trading that stock. In your Robinhood brokerage account, you will notice that we have blocked your ability to trade that symbol for compliance reasons.
What is the max you can have in Robinhood?
Our Instant Deposit feature gives you immediate access to $1,000 after you initiate a deposit. With Robinhood Gold, you can get even bigger Instant Deposits—up to $50,000 depending on your brokerage account balance and status.
What does closing positions mean on Robinhood?
Is Sundial a marijuana company?
Closing positions only, to be clear, means that traders can only sell their existing positions in the particular stocks noted by the platform — GameStop, AMC, BlackBerry and Sundial, among others. So, with that move, Robinhood stopped its users from buying additional shares in those listed stocks, including SNDL stock.
Is Robinhood restricting trading?
Here's what's next for Sundial Growers after being blocked from the Robinhood platform. You probably think of Sundial Growers (NASDAQ: SNDL) as a marijuana play. After all, it’s one of the larger publicly listed cannabis companies out there. In the past, SNDL stock has tended to trade in line with its marijuana peers.
Is Robinhood a social media platform?
On Thursday, Robinhood announced that it was restricting trading of particularly volatile securities until the current mayhem dies down.
Is Sundial a traditional stock?
Robinhood Cracks Down. Many of these social-media-powered traders like using Robinhood because of its mobile app and ease-of-use. As a result, many of those traders plowing into Gamestop, AMC, Sundial and the like were buying these stocks on the platform.
Does Robinhood allow limited buys?
Now, however, things have changed. At least for the time being, Sundial is no longer a traditional cannabis stock. Instead, it’s a Robinhood play. Right now, Sundial’s fate is closely tied to the trendy new brokerage firm.
How much did Sundial stock fall on September 3?
Robinhood did say on Thursday evening that it would allow “limited buys” of the blacklisted stocks going forward, but it’s unclear how strict those limits will be. To be fair to Robinhood, though, it isn’t the only brokerage firm that has cracked down on these sorts of stocks.
How much of Sundial shares were shorted in 2020?
On September 3, Sundial stock fell about 3% — probably not the kind of big time short-covering WSB was expecting.
What are the challenges of Sundial?
Sundial has had its ups and downs when it comes to short interest. As I wrote on January 11, in mid December 2020, about 66% of its shares were sold short — a 1,829% increase from mid-November 2020. About a month later, on February 10, I noted that its short interest had plunged to roughly 7% by the end of January.
Does Sundial have a cash burn rate?
Sundial sees big challenges ahead — such as competing in an unstable industry, finding a path to profitability and providing better customer service.
How much did Sundial lose in 2021?
In addition, Sundial’s cash burn rate is increasing. For example, in the second quarter its operations consumed nearly seven times more cash — or about $75 million — than the $11 million it used up in the first quarter, according to the Journal.
Is Sundial closed in 2021?
More specifically, in the first quarter of 2021, revenue dropped 29% to $7.8 million. Sundial’s loss was a whopping $106 million — which included “the impact of share price volatility on accounting valuation of derivative warrants,” according to the company.
What is Sundial Growers?
Sadly for Sundial bulls, that closure was only temporary — thanks in part to its dismal first and second quarter 2021 financial reports.
Why is Robinhood stock untradeable?
Sundial Growers produces and distributes marijuana “flowers, pre-rolls and vapes.” Following its August 6, 2019 IPO — which sold 11 million shares for $13 a share — its stock has lost 94% of its value — closing on September 3 at about 77 cents a share — sporting a market capitalization of $1.6 billion.
Is Robinhood stock supported?
Robinhood will list stocks as being unsupported or untradeable if the exchange itself has paused trading, or if the stock was delisted from major exchanges and trades in the OTC market. Stocks are also unsupported during corporate actions such as mergers and stock splits.
Does Robinhood restrict transactions?
There are actually a few reasons why a stock may not be supported on Robinhood. First and foremost, Robinhood only trades U.S. stock, so any and all foreign securities will be unsupported within the app as a rule. But what if you’ve already purchased the stock using Robinhood (or know it was definitely purchasable at one point) ...
Is Robinhood a hypocrisy?
In light of the WallStreetBets controversy, Robinhood started restricting transactions of certain stocks. Currently, Robinhood is attempting to navigate the fallout from the still ongoing WallStreetBets controversy and has elected to restrict transactions for securities such as GameStop (NYSE: GME) and AMC Entertainment (AMC).
How many vehicles did NIO produce in April?
People have started to call out Robinhood’s perceived hypocrisy. Indeed, the restrictions are definitely more of a Sherriff of Nottingham move for a platform that was ostensibly created with the intention of granting everyone equal access to trading. There has even already been talk of pursuing legal action against Robinhood as a result of the restrictions. It’ll certainly be interesting to see how everything shakes out. In the meantime, we’ll be doing a lot of watching and waiting.
How long has Rich been a Fool?
Chinese electric vehicle (EV) maker NIO ( NYSE:NIO) just reported delivering over 7,100 vehicles in April, representing a 125% increase over the year-ago period. The company managed that achievement despite the global computer chip shortage that's hit the auto industry especially hard. NIO even had to shut down production for five days as a result. Ford, for example, reported relatively robust first-quarter results last week, but its stock slumped because it expects to produce 1.1 million fewer vehicles this year due to semiconductor chip shortages.
Is Robinhood a zero commission company?
Author Bio. Rich has been a Fool since 1998 and writing for the site since 2004. After 20 years of patrolling the mean streets of suburbia, he hung up his badge and gun to take up a pen full time.
Does Robinhood charge a contract fee for options?
Robi nhood 's ( NASDAQ:HOOD) popular trading app has done quite a bit to democratize investing, such as pioneering the concept of zero-commission trading several years before most brokers adopted the concept. However, in this Fool Live video clip, recorded on Sept. 20, Motley Fool contributors Matt Frankel, CFP, and Jason Hall discuss why you aren't likely to find the stock in their portfolios anytime soon.
General question for a beginner
In options, 29% of their transaction revenue came from options trading, which to be fair, Robinhood, that's one of their big advantages over the competitors. They're the only one that I know of that doesn't charge a contract fee for options trading. Jason can probably back me up on this too. If you don't know what you're doing, there's no easier way to lose your money than options trading, maybe lottery tickets.
Options question, because really confused
I’m new to stocks/Robinhood and had a general question: for regular stocks, not options, is it possible to lose more than what I invest? ex: I invest 30$ in Tesla but the stock dramatically falls, I understand my buying power, or the 30$ I invested might drop to 20$ but will I have a negative balance or have to owe anything at all? Is this possible for regular stock buying? Thanks.
Nothing online helps me understand what options are, help lmao
Hypothetically I want to buy a January first call option for a stock (xyz) to reach $170 however according to Robinhood’s little indicator, it says my break even price would be at $174 , can someone explain to me why the break even price is higher than the call of $170? I still don’t understand that aspect of options. Thanks!
JSPR - stem cell bio with major buy-in from AMGN
I cannot comprehend people's explanations of options, I feel more confused with each explanation I read. I think an example will help!
Needing help over day trading restrictions
Some folks offered some useful feedback. In light of that, I have revised my write-up a bit. For the sake of transparency I am leaving this one as-is and posting a revision here:
Is marijuana penny stock volatile?
I had a shit ton of buy and sell orders pre-set up today on various stocks. Well, most of them three times, one even hit four because it’s so volatile. I wasn’t paying attention to my phone most of the day due to my busy job.
Is penny stock only listed on OTC?
If there’s one group of stocks that has seen its fair share of volatility it’s been marijuana penny stocks. These cheap names have been a source of excitement and of despair with laws constantly changing. While there hasn’t been a clear cut path forward for federal cannabis legalization in the U.S. (yet), the incoming administration has vowed to make it so.
Is Sundial a stock?
Penny stocks are not only limited to these listed names, since the vast majority of US MSOs are dually listed with the US listing being on the OTC, traders using these apps cannot access many of the companies that would likely benefit from such an initiate as the MORE Act.
Is OGI stock on the watchlist?
Finally, Sundial Growers Inc. has become one of the most discussed pot stocks in the stock market today. It has been the center of concern, optimism, negativity, uncertainty; you name it. Needless to say, it is one of the more actively traded marijuana stocks on a daily basis rarely seeing less than 70 million shares traded per day. Most of the time, SNDL stock typically sees north of 100 million shares trade per day.
Is Hexo a top 4 brand in Canada?
However, as discussed above, OGI stock could simply be on the watchlist due to industry-wide bullishness. That, and the fact that it is another one of the few pot penny stocks accessible to apps like Webull and Robinhood. [Read More] Hot Penny Stocks For Your 2021 Watch List, 1 Already Up 223% This Year.
Is Hexo stock under $1?
HEXO is now top four in adult-use market share by net sales dollars in Canada. We have also moved into the top beverage spot through Truss, our joint venture with Molson Coors, and have reached the number one market share position for hash, which we believe will continue to be an important category for the industry,” said HEXO CEO and co-founder Sebastien St-Louis.
Is Zenabis disputing the Senior Loan?
As many of our readers know , HEXO stock was one of the last-remaining marijuana stocks under $1 for months. Following the reverse and fiscal Q1 2021 results mid-month, shares of HEXO stock popped then dropped during the last few weeks leading up to 2021.