Meiwu Technology (NASDAQ:WNW) Major Shareholder Financial Lp Hrt Sells 9,054 Shares of Stock

Meiwu Technology Company Limited (NASDAQ:WNW) major shareholder Financial Lp Hrt sold 9,054 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $3.66, for a total value of $33,137.64. Following the completion of the sale, the insider directly owned 13,918 shares in the company, valued at approximately $50,939.88. This represents a 39.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Financial Lp Hrt also recently made the following trade(s):

• On Thursday, May 7th, Financial Lp Hrt purchased 3,069 shares of Meiwu Technology stock. The stock was bought at an average cost of $3.70 per share, for a total transaction of $11,355.30.

Meiwu Technology Price Performance

Shares of WNW opened at $3.20 on Tuesday. The business’s 50 day moving average price is $46.78 and its 200-day moving average price is $116.35. Meiwu Technology Company Limited has a 52 week low of $2.80 and a 52 week high of $1,352.00.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Wall Street Zen cut Meiwu Technology to a “strong sell” rating in a research report on Saturday, May 2nd. Weiss Ratings cut Meiwu Technology from a “sell (d)” rating to a “sell (e+)” rating in a research report on Monday, May 4th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

About Meiwu Technology

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.