Here's the Likely Reason Why Charlotte's Web Stock Is Crushing It Today
Shares of Charlotte's Web Holdings (OTC: CWBHF) were skyrocketing 19.8% higher as of 11:24 a.m. EDT on Friday after jumping as much as 33.8% earlier in the day. The CBD products company didn't announce any news. However, the most likely reason behind the stock's surge was buying pressure before Charlotte's Web reports its 2019 fourth-quarter and full-year results on March 24.
There's one important thing to note with today's big jump for Charlotte's Web. The trading volume for the stock was only a little over half the size of its average trading volume. This lower volume means that a small number of buyers could be having a greater impact than they normally would on the share price movement.
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Source Fool.com
