Shares of Charlotte's Web Holdings (OTC: CWBHF) closed 10.6% higher on Wednesday. The nice bounce came after the stock sank 10.9% on Tuesday. Yet again, Charlotte's Web didn't have any news to cause a major swing. Instead, today's move was apparently just another example of the sometimes inexplicable volatility associated with hemp- and cannabis-related stocks.
When a stock posts a big gain or a big loss as Charlotte's Web has done for two consecutive days for no apparent reasons, the best thing for investors to do is...nothing. Instead, stay focused on the underlying prospects for the company.
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