Key Points
- Financial Lp Hrt, a major shareholder in Meiwu Technology, sold 9,054 shares on May 8 at an average price of $3.66, worth about $33,138. After the sale, it still held 13,918 shares, representing a 39.41% reduction in its stake.
- The same shareholder also purchased 3,069 shares on May 7 at an average price of $3.70, suggesting recent insider trading activity has gone both ways.
- WNW shares were trading down 14% at $3.20, and analysts remain cautious, with an average rating of "Sell" after recent downgrades from Wall Street Zen and Weiss Ratings.
Meiwu Technology Company Limited (NASDAQ:WNW - Get Free Report) major shareholder Financial Lp Hrt purchased 3,069 shares of the company's stock in a transaction dated Thursday, May 7th. The stock was purchased at an average cost of $3.70 per share, for a total transaction of $11,355.30. Following the transaction, the insider owned 22,972 shares of the company's stock, valued at approximately $84,996.40. This trade represents a 15.42% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own more than 10% of a company's shares are required to disclose their transactions with the SEC.
Financial Lp Hrt also recently made the following trade(s):
- On Friday, May 8th, Financial Lp Hrt sold 9,054 shares of Meiwu Technology stock. The stock was sold at an average price of $3.66, for a total transaction of $33,137.64.
Meiwu Technology Stock Performance
Shares of Meiwu Technology stock opened at $3.20 on Tuesday. The company's fifty day simple moving average is $46.78 and its 200-day simple moving average is $116.35. Meiwu Technology Company Limited has a 1 year low of $2.80 and a 1 year high of $1,352.00.
Analyst Upgrades and Downgrades
WNW has been the topic of several research analyst reports. Weiss Ratings downgraded shares of Meiwu Technology from a "sell (d)" rating to a "sell (e+)" rating in a research note on Monday, May 4th. Wall Street Zen downgraded shares of Meiwu Technology to a "strong sell" rating in a research note on Saturday, May 2nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Meiwu Technology currently has an average rating of "Sell".
View Our Latest Research Report on WNW
About Meiwu Technology
(
Get Free Report)
Wunong Net Technology Company Limited, a holding company, engages in the online retail of foods products in China. The company offers green food, organic food, intangible cultural heritage food, agricultural products, and pollution-free products. It also operates a restaurant under the Wunong Food Hall name; and engages in the wholesale of agricultural products. The company was formerly known as Advancement International Limited and changed its name to Wunong Net Technology Company Limited in August 2019.
Further Reading
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