Jowell Global (NASDAQ:JWEL) Trading Down 16% – Here’s What Happened

Jowell Global Ltd. (NASDAQ:JWEL)’s stock price dropped 16% on Tuesday . The stock traded as low as $2.00 and last traded at $2.00. Approximately 831 shares changed hands during trading, a decline of 99% from the average daily volume of 85,945 shares. The stock had previously closed at $2.38.

Jowell Global Stock Down 16.0%

The stock has a 50-day simple moving average of $2.12 and a 200 day simple moving average of $2.34.

Institutional Investors Weigh In On Jowell Global

A hedge fund recently bought a new stake in Jowell Global stock. Renaissance Technologies LLC bought a new position in shares of Jowell Global Ltd. (NASDAQ:JWEL) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 11,500 shares of the company’s stock, valued at approximately $36,000. Renaissance Technologies LLC owned approximately 0.53% 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 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.