Heritage Distilling (NASDAQ:CASK) Stock Price Down 3.1% – What’s Next?

Heritage Distilling Holding Company, Inc. (NASDAQ:CASK) dropped 3.1% during trading on Wednesday . The company traded as low as $0.52 and last traded at $0.55. Approximately 111,666 shares were traded during mid-day trading, a decline of 38% from the average daily volume of 180,713 shares. The stock had previously closed at $0.56.

Heritage Distilling Stock Performance

The business has a 50 day moving average price of $0.73.

Insider Activity at Heritage Distilling

In other news, Director Andrew M. Varga bought 47,500 shares of the stock in a transaction on Friday, February 14th. The stock was acquired at an average cost of $1.23 per share, for a total transaction of $58,425.00. Following the acquisition, the director now owns 52,500 shares of the company’s stock, valued at $64,575. This represents a 950.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last quarter, insiders bought 52,866 shares of company stock worth $64,938.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Heritage Distilling stock. Mattern Wealth Management LLC purchased a new stake in Heritage Distilling Holding Company, Inc. (NASDAQ:CASK) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 44,255 shares of the company’s stock, valued at approximately $76,000. Mattern Wealth Management LLC owned about 0.95% of Heritage Distilling as of its most recent filing with the Securities & Exchange Commission.

Heritage Distilling Company Profile

Heritage Distilling Holding Company Inc is a craft distiller of premium brands, including whiskeys, vodkas, gins, rums and ready-to-drink canned cocktails. Heritage Distilling Holding Company Inc is based in GIG HARBOR, Wash.