Winc (NYSEAMERICAN:WBEV) Stock Price Down 22.2%

Winc, Inc. (NYSEAMERICAN:WBEV)’s stock price dropped 22.2% during mid-day trading on Monday . The stock traded as low as $0.13 and last traded at $0.14. Approximately 582,400 shares were traded during mid-day trading, an increase of 133% from the average daily volume of 250,366 shares. The stock had previously closed at $0.18.

Winc Price Performance

The stock has a market cap of $1.86 million and a PE ratio of -0.08.

Institutional Trading of Winc

A hedge fund recently bought a new stake in Winc stock. Advisor Group Holdings Inc. purchased a new stake in Winc, Inc. (NYSEAMERICAN:WBEV) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 9,000 shares of the company’s stock, valued at approximately $29,000. Advisor Group Holdings Inc. owned 0.07% of Winc at the end of the most recent reporting period. Institutional investors and hedge funds own 12.80% of the company’s stock.

Winc Company Profile

Winc, Inc engages in sourcing, bottling, labeling, and distributing wine under its own winery license in the United States and internationally. It operates through DTC and Wholesale segments. The company offers wines and non-alcoholic wines under the Summer Water, Wonderful Wine Company, Lost Poet, Folly of the Beast, Chop Shop, and Cherries and Rainbows brand names; and ready to drink cocktails, and spirits and beers.