Why Charlotte's Web Holdings Stock Is Plunging Today
Shares of Charlotte's Web Holdings (OTC: CWBHF) were plunging 13.5% as of 12:46 p.m. EDT on Thursday. The steep decline came as part of an overall stock market crash resulting from an escalation of worries about novel coronavirus disease COVID-19.
Do the COVID-19 concerns really threaten Charlotte's Web's business prospects? Maybe to some extent.
Charlotte's Web's CBD products are carried in retail stores across North America. If consumers are too worried about becoming infected by the coronavirus to go shopping, the company's sales would likely fall.
Source Fool.com
