Shares of Charlotte’s Web Holdings, Inc. (OTCMKTS:CWBHF – Get Free Report) fell 1.3% on Tuesday. The stock traded as low as $0.2386 and last traded at $0.2602. Approximately 27,879 shares changed hands during trading, a decline of 94% from the average daily volume of 488,784 shares. The stock had previously closed at $0.2637.
Charlotte’s Web Stock Performance
The stock has a 50 day simple moving average of $0.30 and a 200 day simple moving average of $0.37.
About Charlotte’s Web
Charlotte’s Web Holdings, Inc is a U.S.-based health and wellness company focused on hemp-derived cannabidiol (CBD) products. The company develops, manufactures and sells products intended to support everyday wellness, including CBD oils, gummies, capsules, creams and other topical products.
The company also offers hemp-based products for pets, including oils, chews and other formats marketed for dogs and cats. Its products have been sold through the company’s e-commerce platform, retail stores and selected health and wellness channels, primarily in the United States.
Charlotte’s Web was founded in Colorado in 2011 by the seven Stanley brothers and is named after Charlotte Figi, whose experience helped bring national attention to hemp-derived CBD.
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