Streetbeat News

VINE

Fresh Vine Wine, Inc.

https://www.freshvinewine.com

Industry

Beverages - Wineries & Distilleries

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, and rose. The company offers its products through wholesale, retail, and direct-to-consumer channels. Fresh Vine Wine, Inc. was founded in 2019 and is based in Plymouth, Minnesota.

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Fresh Vine Wine (NYSE:VINE) has seen its short interest rise by 11.22%, with 156,000 shares sold short, representing 1.09% of its float. This increase in short interest suggests a bearish sentiment among investors, although it remains below the peer group average of 8.66%.

Portfolio Pulse from Benzinga Insights

August 22, 2024 | 3:00 pm

U.S. stocks fell significantly with the Nasdaq Composite dropping 3% amid disappointing economic data. Nonfarm payrolls increased by 114,000 in July, below expectations, and the unemployment rate rose to 4.3%. Several stocks experienced notable price movements, including VSee Health, Exicure, Tandem Diabetes Care, bioAffinity Technologies, Gamer Pakistan, and Fresh Vine Wine.

Portfolio Pulse from Avi Kapoor

August 02, 2024 | 4:02 pm

U.S. stocks traded lower with the Dow Jones index dipping over 400 points. Apple reported better-than-expected earnings. VSee Health, Exicure, and OS Therapies saw significant stock price increases, while bioAffinity Technologies, Gamer Pakistan, and Fresh Vine Wine experienced notable declines.

Portfolio Pulse from Avi Kapoor

August 02, 2024 | 1:52 pm

DoorDash shares surged 10% in pre-market trading after reporting better-than-expected Q2 revenue. Other notable pre-market movers include VSee Health (+123.4%), Akanda Corp (+34.5%), and Intel (-21.9%).

Portfolio Pulse from Avi Kapoor

August 02, 2024 | 12:15 pm

Fresh Vine Wine shares are trading lower after the company announced the termination of its merger agreement with Notes Live.