Jowell Global (NASDAQ:JWEL) Shares Down 0.2% – Time to Sell?

Shares of Jowell Global Ltd. (NASDAQ:JWEL) were down 0.2% on Tuesday . The stock traded as low as $2.18 and last traded at $2.3550. Approximately 3,683 shares were traded during mid-day trading, a decline of 61% from the average daily volume of 9,344 shares. The stock had previously closed at $2.36.

Jowell Global Stock Performance

The company’s 50 day simple moving average is $2.07 and its 200 day simple moving average is $2.02.

Institutional Investors Weigh In On Jowell Global

A hedge fund recently bought a new stake in Jowell Global stock. Citadel Advisors LLC bought a new position in Jowell Global Ltd. (NASDAQ:JWEL) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 20,947 shares of the company’s stock, valued at approximately $37,000. Citadel Advisors LLC owned 0.97% of Jowell Global at the end of the most recent reporting period. Institutional investors and hedge funds own 0.08% of the company’s stock.

Jowell Global Company Profile

Jowell Global Limited is a Cayman Islands exempted special purpose acquisition company (“SPAC”) formed to effect a merger, capital stock exchange, asset acquisition or similar business combination with one or more private businesses. The company has no commercial operations of its own and holds its funds in trust pending the completion of an initial business combination.

Since its formation, Jowell Global has targeted opportunities in the technology, consumer and healthcare sectors, with a particular focus on companies operating in Greater China and North America.