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

Meiwu Technology Company Limited (NASDAQ:WNW) major shareholder Financial Lp Hrt sold 9,054 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The shares were 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 of the company’s stock, valued at $50,939.88. This represents a 39.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Large shareholders that own at least 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 acquired at an average cost of $3.70 per share, with a total value of $11,355.30.

Meiwu Technology Stock Down 14.0%

Shares of WNW traded down $0.52 during mid-day trading on Monday, hitting $3.20. The company’s stock had a trading volume of 49,483 shares, compared to its average volume of 506,388. The firm has a 50-day simple moving average of $52.69 and a 200 day simple moving average of $117.94. Meiwu Technology Company Limited has a 1-year low of $2.80 and a 1-year high of $1,352.00.

Wall Street Analyst Weigh In

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