Shares of Winc, Inc. (NYSEAMERICAN:WBEV – Get Free Report) were down 22.2% on Monday . The stock traded as low as $0.13 and last traded at $0.14. Approximately 582,400 shares changed hands during trading, an increase of 133% from the average daily volume of 250,366 shares. The stock had previously closed at $0.18.
Winc Stock Down 22.2 %
The company has a market capitalization of $1.86 million and a price-to-earnings ratio of -0.08.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Winc stock. Advisor Group Holdings Inc. purchased a new stake in shares of Winc, Inc. (NYSEAMERICAN:WBEV – Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The fund purchased 9,000 shares of the company’s stock, valued at approximately $29,000. Advisor Group Holdings Inc. owned about 0.07% of Winc as of its most recent filing with the SEC. Institutional investors own 12.80% of the company’s stock.
Winc Company Profile
Winc, Inc engages in sourcing, bottling, labeling, and distributing wine under its own winery license in the United States and internationally. It operates through DTC and Wholesale segments. The company offers wines and non-alcoholic wines under the Summer Water, Wonderful Wine Company, Lost Poet, Folly of the Beast, Chop Shop, and Cherries and Rainbows brand names; and ready to drink cocktails, and spirits and beers.
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