Insider Selling: Fresh Vine Wine, Inc. (NYSEAMERICAN:VINE) Major Shareholder Sells 30,000 Shares of Stock

Fresh Vine Wine, Inc. (NYSEAMERICAN:VINE) major shareholder Css Llc/Il sold 30,000 shares of the firm’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $0.50, for a total value of $15,000.00. Following the transaction, the insider now directly owns 688,926 shares in the company, valued at $344,463. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Css Llc/Il also recently made the following trade(s):

• On Tuesday, August 29th, Css Llc/Il sold 10,000 shares of Fresh Vine Wine stock. The shares were sold at an average price of $0.50, for a total transaction of $5,000.00.
• On Thursday, August 31st, Css Llc/Il sold 76,880 shares of Fresh Vine Wine stock. The shares were sold at an average price of $0.48, for a total transaction of $36,902.40.
• On Wednesday, July 12th, Css Llc/Il sold 5,000 shares of Fresh Vine Wine stock. The stock was sold at an average price of $0.60, for a total value of $3,000.00.
• On Monday, July 3rd, Css Llc/Il sold 140,000 shares of Fresh Vine Wine stock. The shares were sold at an average price of $0.73, for a total value of $102,200.00.

Fresh Vine Wine Price Performance

Shares of VINE traded down $0.00 during mid-day trading on Friday, hitting $0.43. The company’s stock had a trading volume of 134,973 shares, compared to its average volume of 1,334,537. Fresh Vine Wine, Inc. has a fifty-two week low of $0.21 and a fifty-two week high of $3.09. The stock has a market capitalization of $6.87 million, a P/E ratio of -0.45 and a beta of 1.15.

Fresh Vine Wine (NYSEAMERICAN:VINE) last posted its quarterly earnings results on Monday, August 14th. The company reported ($0.27) earnings per share (EPS) for the quarter. Fresh Vine Wine had a negative return on equity of 227.16% and a negative net margin of 774.68%. The business had revenue of $0.33 million during the quarter.

Hedge Funds Weigh In On Fresh Vine Wine

A hedge fund recently bought a new stake in Fresh Vine Wine stock. GTS Securities LLC bought a new stake in shares of Fresh Vine Wine, Inc. (NYSEAMERICAN:VINE) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 112,512 shares of the company’s stock, valued at approximately $25,000. GTS Securities LLC owned 0.71% of Fresh Vine Wine as of its most recent SEC filing. 7.46% of the stock is currently owned by hedge funds and other institutional investors.

Fresh Vine Wine Company Profile

Fresh Vine Wine, Inc produces and sells low-carb and low-calorie wines in the United States and Puerto Rico. Its wine varietals include Cabernet Sauvignon, Pinot Noir, Chardonnay, Sauvignon Blanc, Rosé, and Sparkling Rosé. The company sells its products through wholesale, retail, and direct-to-consumer channels.