Winc (NYSEAMERICAN:WBEV) Stock Price Down 22.2%

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

Winc Stock Down 22.2 %

The stock has a market cap of $1.86 million and a price-to-earnings ratio of -0.08.

Hedge Funds Weigh In On Winc

An institutional investor recently bought a new position in Winc stock. Advisor Group Holdings Inc. purchased a new position in Winc, Inc. (NYSEAMERICAN:WBEV) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,000 shares of the company’s stock, valued at approximately $29,000. Advisor Group Holdings Inc. owned 0.07% of Winc as of its most recent SEC filing. 12.80% of the stock is currently owned by institutional investors and hedge funds.

About Winc

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.