Shares of Naked Wines plc (OTCMKTS:NWINF – Get Free Report) fell 4.6% during trading on Tuesday. The stock traded as low as $0.7749 and last traded at $0.7755. 6,869 shares traded hands during mid-day trading, an increase of 172% from the average session volume of 2,526 shares. The stock had previously closed at $0.8127.
Naked Wines Price Performance
The stock’s 50 day simple moving average is $0.88 and its two-hundred day simple moving average is $0.93.
About Naked Wines
Naked Wines plc is an online wine retailer that connects consumers with a network of independent winemakers. The company sells wines directly to customers through its digital platforms, offering a range of red, white, rosé and sparkling wines, as well as selected mixed cases and gift options.
Its business model is built around the “Naked” membership program, in which customers known as “Angels” typically make recurring contributions that help fund participating winemakers. In return, members receive access to wines, member pricing and other service benefits.
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