Jowell Global (NASDAQ:JWEL) Stock Price Up 1.2% – Here’s Why

Shares of Jowell Global Ltd. (NASDAQ:JWEL) rose 1.2% during mid-day trading on Thursday . The company traded as high as $2.47 and last traded at $2.46. Approximately 4,790 shares were traded during mid-day trading, a decline of 42% from the average daily volume of 8,197 shares. The stock had previously closed at $2.43.

Jowell Global Stock Up 1.2%

The firm’s 50 day moving average is $2.21 and its two-hundred day moving average is $2.05.

Hedge Funds Weigh In On Jowell Global

A hedge fund recently bought a new stake in Jowell Global stock. Citadel Advisors LLC bought a new position in shares of Jowell Global Ltd. (NASDAQ:JWEL) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 20,947 shares of the company’s stock, valued at approximately $37,000. Citadel Advisors LLC owned 0.97% of Jowell Global at the end of the most recent quarter. Institutional investors own 0.08% of the company’s stock.

About Jowell Global

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.