cbdMD (NYSEAMERICAN:YCBD) Trading Up 10.7%
Shares of cbdMD, Inc. (NYSEAMERICAN:YCBD) were up 10.7% on Wednesday . The stock traded as high as $4.78 and last traded at $4.54, approximately 241,440 shares traded hands during mid-day trading. An increase of 21% from the average daily volume of 199,387 shares. The stock had previously closed at $4.10.
Separately, Benchmark began coverage on shares of cbdMD in a research report on Tuesday. They set a “buy” rating and a $9.00 target price for the company.
cbdMD (NYSEAMERICAN:YCBD) last announced its earnings results on Wednesday, August 14th. The company reported ($0.24) earnings per share for the quarter. The company had revenue of $9.78 million for the quarter.
cbdMD, Inc produces and distributes various cannibidiol (CBD) products in the United States. It operates through three segments: Products, Licensing, and Entertainment. The Products segment produces and markets CBD tinctures, capsules, gummies, bath bombs, vape oils, topical creams, and animal treats and oils under the cdbMD brand.
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