Why Charlotte's Web Holdings Shot 11% Higher Today

Charlotte's Web Holdings (OTC: CWBHF), a fairly middling stock in an industry out of favor with investors, was a standout on Wednesday. The cannabidiol (CBD)-products specialist saw its shares zoom nearly 11% higher on the day, thanks to positive news from the laboratory.

Tuesday afternoon, Charlotte's Web announced that a third-party clinical study it participated in demonstrated that its products "realized a distinct and palpable improvement in their quality of life and well-being."

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Source Fool.com