Jowell Global (NASDAQ:JWEL) Trading Down 16% – Here’s What Happened

Jowell Global Ltd. (NASDAQ:JWEL) fell 16% on Tuesday . The stock traded as low as $2.00 and last traded at $2.00. 831 shares were traded during mid-day trading, a decline of 99% from the average session volume of 85,945 shares. The stock had previously closed at $2.38.

Jowell Global Trading Down 16.0%

The firm has a 50-day moving average of $2.12 and a 200 day moving average of $2.34.

Institutional Investors Weigh In On Jowell Global

An institutional investor recently bought a new position in Jowell Global stock. Renaissance Technologies LLC acquired a new stake in Jowell Global Ltd. (NASDAQ:JWEL) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,500 shares of the company’s stock, valued at approximately $36,000. Renaissance Technologies LLC owned 0.53% of Jowell Global as of its most recent SEC filing. 0.08% of the stock is currently owned by institutional investors and hedge funds.

About Jowell Global

Jowell Global Ltd. engages in the online retail of cosmetics, health and nutritional supplements, and household products in China. It also sells skin care, body care, and baby and children's products; washing items; fragrances; food products; electronics; and apparel. In addition, it sells its products through retail stores under the Love Home Store, LHH Store, and Juhao Best Choice Store brand names.