Financial Lp Hrt Purchases 3,069 Shares of Meiwu Technology (NASDAQ:WNW) Stock

Meiwu Technology Company Limited (NASDAQ:WNW) major shareholder Financial Lp Hrt bought 3,069 shares of the firm’s stock in a transaction on Thursday, May 7th. The shares were purchased at an average cost of $3.70 per share, with a total value of $11,355.30. Following the completion of the transaction, the insider owned 22,972 shares in the company, valued at $84,996.40. This represents a 15.42% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases 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 shares were sold at an average price of $3.66, for a total value of $33,137.64.

Meiwu Technology Stock Up 0.3%

Shares of NASDAQ WNW opened at $3.21 on Wednesday. The business has a fifty day simple moving average of $43.77 and a two-hundred day simple moving average of $115.06. Meiwu Technology Company Limited has a twelve month low of $2.80 and a twelve month high of $1,352.00.

Analysts Set New Price Targets

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

Meiwu Technology Company Profile

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.