Insider Selling: Fresh Vine Wine, Inc. (NYSEAMERICAN:VINE) Major Shareholder Sells $36,902.40 in Stock

Fresh Vine Wine, Inc. (NYSEAMERICAN:VINE) major shareholder Css Llc/Il sold 76,880 shares of the firm’s stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $0.48, for a total value of $36,902.40. Following the completion of the transaction, the insider now owns 755,199 shares in the company, valued at approximately $362,495.52. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Css Llc/Il also recently made the following trade(s):

• On Tuesday, August 29th, Css Llc/Il sold 10,000 shares of Fresh Vine Wine stock. The shares were sold at an average price of $0.50, for a total value of $5,000.00.
• On Wednesday, July 12th, Css Llc/Il sold 5,000 shares of Fresh Vine Wine stock. The shares were sold at an average price of $0.60, for a total value of $3,000.00.
• On Monday, July 3rd, Css Llc/Il sold 140,000 shares of Fresh Vine Wine stock. The shares were sold at an average price of $0.73, for a total value of $102,200.00.

Fresh Vine Wine Price Performance

Shares of VINE stock opened at $0.47 on Monday. Fresh Vine Wine, Inc. has a fifty-two week low of $0.21 and a fifty-two week high of $3.09.

Fresh Vine Wine (NYSEAMERICAN:VINE) last posted its quarterly earnings results on Monday, August 14th. The company reported ($0.27) EPS for the quarter. Fresh Vine Wine had a negative return on equity of 227.16% and a negative net margin of 774.68%. The company had revenue of $0.33 million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Fresh Vine Wine stock. GTS Securities LLC purchased a new position in shares of Fresh Vine Wine, Inc. (NYSEAMERICAN:VINE) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 112,512 shares of the company’s stock, valued at approximately $25,000. GTS Securities LLC owned 0.71% of Fresh Vine Wine as of its most recent SEC filing. Institutional investors and hedge funds own 7.46% of the company’s stock.

About Fresh Vine Wine

Fresh Vine Wine, Inc produces and sells low-carb and low-calorie wines in the United States and Puerto Rico. Its wine varietals include Cabernet Sauvignon, Pinot Noir, Chardonnay, Sauvignon Blanc, Rosé, and Sparkling Rosé. The company sells its products through wholesale, retail, and direct-to-consumer channels.