Why Charlotte's Web Got High and Then Fell on Tuesday
Charlotte's Web Holdings (OTC: CWBHF) has rarely been a stock to bounce wildly in price during a trading day. Tuesday was an exception, though, as some positive news from the laboratory reported by the company pushed its stock as much as 12% higher. The excitement didn't last, however, and by market close the rally fizzled and the shares landed 0.5% below their Monday closing price.
Charlotte's Web makes cannabidiol (CBD) products, so of course its clinical news concerned such goods. It revealed in a press release that the latest round of a study it conducted on the safety of CBD had positive results.
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Source Fool.com
