Naked Wines (OTCMKTS:NWINF) Trading Down 18% – Here’s Why

Naked Wines plc (OTCMKTS:NWINFGet Free Report) dropped 18% during mid-day trading on Tuesday . The stock traded as low as $0.60 and last traded at $0.64. Approximately 28,409 shares were traded during trading, an increase of 564% from the average daily volume of 4,278 shares. The stock had previously closed at $0.78.

Naked Wines Price Performance

The firm has a 50-day moving average of $0.70 and a 200 day moving average of $0.71.

About Naked Wines

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Naked Wines plc, together with its subsidiaries, engages in the retailing of wines and spirits in the United Kingdom, the United States, and Australia. The company offers its products online. The company was formerly known as Majestic Wine plc and changed its name to Naked Wines plc in August 2019. The company was founded in 1980 and is headquartered in Norwich, the United Kingdom.

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