Portnoy Flips Sundial Growers For $50K Profit: 'That's How You Do It Boys'

Sundial Growers Inc (NASDAQ: SNDL) shares traded down 14% on massive volume in an extremely volatile trading session on Thursday after the company became one of the latest stocks targeted by communities of online retail stock traders, led by the Reddit WallStreetBets community.

Barstool Sports founder Dave Portnoy took a major bath on his first round of WallStreetBets meme stock buys, but Portnoy said he made a quick $50,000 getting in and out of Sundial on Thursday.

What Happened? Portnoy first discussed a 377,000-share stake in Sundial back on Feb. 3. While it’s not clear what his entry point on that position was, Portnoy would have made more than $500 million from Feb. …

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