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

Jowell Global Ltd. (NASDAQ:JWEL)’s share price dropped 1.2% on Tuesday . The stock traded as low as $2.13 and last traded at $2.13. Approximately 2,025 shares changed hands during trading, a decline of 99% from the average daily volume of 139,500 shares. The stock had previously closed at $2.15.

Jowell Global Stock Performance

The stock has a 50-day moving average price of $2.74 and a 200-day moving average price of $2.43.

Hedge Funds Weigh In On Jowell Global

An institutional investor recently bought a new position in Jowell Global stock. Renaissance Technologies LLC acquired a new position in shares of Jowell Global Ltd. (NASDAQ:JWEL) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. 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 owned by institutional investors and hedge funds.

Jowell Global Company Profile

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.