Fresh Vine Wine (NYSEAMERICAN:VINE) Stock Price Down 2%

Shares of Fresh Vine Wine, Inc. (NYSEAMERICAN:VINE) were down 2% during trading on Thursday . The stock traded as low as $0.42 and last traded at $0.43. Approximately 109,909 shares changed hands during trading, a decline of 90% from the average daily volume of 1,089,195 shares. The stock had previously closed at $0.44.

Fresh Vine Wine Trading Down 2.0 %

The firm has a market cap of $6.95 million, a P/E ratio of -0.47 and a beta of 1.13.

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

Insider Buying and Selling

In other Fresh Vine Wine news, major shareholder Css Llc/Il sold 76,880 shares of the business’s stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $0.48, for a total transaction of $36,902.40. Following the completion of the sale, the insider now owns 755,199 shares of the company’s stock, valued at $362,495.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 249,422 shares of company stock valued at $108,594 over the last 90 days. Company insiders own 10.60% of the company’s stock.

Institutional Investors Weigh In On Fresh Vine Wine

An institutional investor recently bought a new position in Fresh Vine Wine stock. GTS Securities LLC acquired a new stake in shares of Fresh Vine Wine, Inc. (NYSEAMERICAN:VINE) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 112,512 shares of the company’s stock, valued at approximately $25,000. GTS Securities LLC owned about 0.71% of Fresh Vine Wine at the end of the most recent quarter. 7.46% of the stock is currently owned by hedge funds and other institutional investors.

Fresh Vine Wine Company Profile

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.