Jowell Global (NASDAQ:JWEL) Shares Down 1.6% – Here’s What Happened

Jowell Global Ltd. (NASDAQ:JWEL) shares traded down 1.6% during trading on Tuesday . The stock traded as low as $2.40 and last traded at $2.41. 4,242 shares were traded during mid-day trading, a decline of 42% from the average session volume of 7,357 shares. The stock had previously closed at $2.45.

Analyst Ratings Changes

Separately, Weiss Ratings assumed coverage on Jowell Global in a report on Tuesday, May 26th. They set a “sell (d-)” rating for the company. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Jowell Global has an average rating of “Sell”.

Jowell Global Price Performance

The company has a 50 day simple moving average of $2.40 and a 200 day simple moving average of $2.33.

Jowell Global (NASDAQ:JWEL) last posted its quarterly earnings data on Thursday, April 30th. The company reported ($1.14) earnings per share (EPS) for the quarter. The firm had revenue of $44.42 million for the quarter.

Institutional Investors Weigh In On Jowell Global

An institutional investor recently bought a new position in Jowell Global stock. Citadel Advisors LLC purchased a new position in shares of Jowell Global Ltd. (NASDAQ:JWEL) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. 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 at the end of the most recent reporting period. Institutional investors own 0.08% of the company’s stock.

Jowell Global Company Profile

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.