Meiwu Technology Co Ltd (WNW) experienced a significant drop in stock price on Monday morning, falling -8.63% in pre-market trading to 1.27. This decline marks a concerning trend for investors, as the short-term technical score of 0 indicates that the stock has not been trading very bullishly compared to other stocks in the market over the past month.
Furthermore, WNW’s ranking of 132 out of 146 industries in the Internet Retail sector may indicate that it is lagging behind its peers in terms of performance. This is particularly concerning given that the company has seen a substantial decrease in stock price over the past month, falling by 60.96% and closing at $3.80 on January 15. The stock’s price fluctuated during this period, reaching as low as $1.00 and as high as $11.11.
With an Overall Score of 7, it is important for investors to understand what this means and how it impacts potential investments in WNW. Further analysis is needed to determine if there are any underlying factors driving these declines and whether they will persist into the future.