Insider Buying: Meiwu Technology (NASDAQ:WNW) Major Shareholder Buys $11,355.30 in Stock

Meiwu Technology Company Limited (NASDAQ:WNW) major shareholder Financial Lp Hrt purchased 3,069 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The shares were bought at an average price of $3.70 per share, with a total value of $11,355.30. Following the completion of the acquisition, the insider owned 22,972 shares of the company’s stock, valued at $84,996.40. This trade represents a 15.42% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Financial Lp Hrt also recently made the following trade(s):

• On Friday, May 8th, Financial Lp Hrt sold 9,054 shares of Meiwu Technology stock. The stock was sold at an average price of $3.66, for a total transaction of $33,137.64.

Meiwu Technology Stock Performance

WNW stock opened at $3.42 on Thursday. The firm has a 50 day simple moving average of $40.78 and a 200 day simple moving average of $113.79. Meiwu Technology Company Limited has a 52 week low of $2.80 and a 52 week high of $1,352.00.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on WNW shares. Wall Street Zen lowered shares of Meiwu Technology to a “strong sell” rating in a research report on Saturday, May 2nd. Weiss Ratings lowered shares of Meiwu Technology from a “sell (d)” rating to a “sell (e+)” rating in a research report on Monday, May 4th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

About Meiwu Technology

Wunong Net Technology Company Limited, a holding company, engages in the online retail of foods products in China. The company offers green food, organic food, intangible cultural heritage food, agricultural products, and pollution-free products. It also operates a restaurant under the Wunong Food Hall name; and engages in the wholesale of agricultural products. The company was formerly known as Advancement International Limited and changed its name to Wunong Net Technology Company Limited in August 2019.