Jowell Global (NASDAQ:JWEL) Announces Quarterly Earnings Results

Jowell Global (NASDAQ:JWEL) issued its earnings results on Thursday. The company reported ($1.14) earnings per share for the quarter, FiscalAI reports. The company had revenue of $44.42 million for the quarter.

Jowell Global Stock Down 3.8%

Shares of Jowell Global stock opened at $2.44 on Friday. The company has a fifty day moving average of $2.41 and a 200 day moving average of $2.22. Jowell Global has a fifty-two week low of $1.47 and a fifty-two week high of $2.98.

Institutional Trading of Jowell Global

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

About Jowell Global

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.