Charlotte’s Web (OTCMKTS:CWBHF) Stock Price Down 14.6% – Time to Sell?

Charlotte’s Web Holdings, Inc. (OTCMKTS:CWBHFGet Free Report)’s stock price fell 14.6% on Thursday . The company traded as low as $0.4444 and last traded at $0.4499. 1,804,062 shares were traded during trading, an increase of 137% from the average session volume of 760,303 shares. The stock had previously closed at $0.5270.

Charlotte’s Web Stock Down 14.6%

The stock’s 50-day moving average price is $0.27 and its 200 day moving average price is $0.17.

About Charlotte’s Web

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Charlotte’s Web Holdings, Inc is a producer and distributor of hemp-derived wellness products, operating under the Charlotte’s Web brand name. The company specializes in full-spectrum cannabidiol (CBD) formulations sourced from proprietary hemp genetics and manufactured at its vertically integrated processing facilities in Colorado. Its product suite encompasses CBD oils, capsules, gummies, topicals and pet-specific formulations designed to support general well-being.

Originally founded in 2013 by the Stanley Brothers in Boulder, Colorado, Charlotte’s Web pioneered the consumer CBD market with an emphasis on quality, consistency and transparency.

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