Jowell Global (NASDAQ:JWEL) Stock Price Down 2.2% – Here’s What Happened

by · The Markets Daily

Jowell Global Ltd. (NASDAQ:JWEL – Get Free Report)’s share price was down 2.2% during mid-day trading on Monday . The stock traded as low as $1.96 and last traded at $2.0050. 719 shares changed hands during trading, a decline of 62% from the average session volume of 1,896 shares. The stock had previously closed at $2.05.

Analysts Set New Price Targets

Separately, Weiss Ratings assumed coverage on shares of Jowell Global in a report on Tuesday, May 26th. They issued a “sell (d-)” rating on the stock. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

Read Our Latest Stock Analysis on Jowell Global

Jowell Global Price Performance

The stock has a 50-day moving average of $2.29 and a two-hundred day moving average of $2.31.

Jowell Global (NASDAQ:JWEL – Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The company reported ($1.14) EPS for the quarter. The business had revenue of $44.42 million for the quarter.

Institutional Trading of Jowell Global

A hedge fund recently bought a new position in Jowell Global stock. Citadel Advisors LLC purchased a new stake in shares of Jowell Global Ltd. (NASDAQ:JWEL – Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 20,947 shares of the company’s stock, valued at approximately $37,000. Citadel Advisors LLC owned 0.97% of Jowell Global as of its most recent SEC filing. Institutional investors own 0.08% of the company’s stock.

Jowell Global Company Profile

(Get Free Report)

Jowell Global Limited is a Cayman Islands exempted special purpose acquisition company (“SPAC”) formed to effect a merger, capital stock exchange, asset acquisition or similar business combination with one or more private businesses. The company has no commercial operations of its own and holds its funds in trust pending the completion of an initial business combination.

Since its formation, Jowell Global has targeted opportunities in the technology, consumer and healthcare sectors, with a particular focus on companies operating in Greater China and North America.

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