Fresh Vine Wine (NYSEAMERICAN:VINE) Stock Price Up 3.5% – Time to Buy?

Shares of Fresh Vine Wine, Inc. (NYSEAMERICAN:VINE) shot up 3.5% during trading on Thursday . The company traded as high as $0.54 and last traded at $0.53. 64,196 shares were traded during mid-day trading, a decline of 69% from the average session volume of 209,355 shares. The stock had previously closed at $0.51.

Fresh Vine Wine Trading Up 3.0 %

The company has a market cap of $8.71 million, a P/E ratio of -1.95 and a beta of 2.15.

Institutional Trading of Fresh Vine Wine

An institutional investor recently raised its position in Fresh Vine Wine stock. Geode Capital Management LLC increased its stake in shares of Fresh Vine Wine, Inc. (NYSEAMERICAN:VINE) by 23.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 97,719 shares of the company’s stock after buying an additional 18,656 shares during the period. Geode Capital Management LLC owned 0.61% of Fresh Vine Wine worth $57,000 as of its most recent filing with the SEC. Institutional investors own 23.00% of the company’s stock.

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, Chardonnay, Pinot Noir, Rosé, Sauvignon Blanc, Sparkling Rosé, and Reserve Napa Cabernet Sauvignon. The company sells its products through wholesale, retail, and direct-to-consumer channels.