Heritage Distilling (NASDAQ:CASK) Trading Down 3% – What’s Next?

Heritage Distilling Holding Company, Inc. (NASDAQ:CASK)’s stock price was down 3% during trading on Tuesday . The company traded as low as $0.57 and last traded at $0.58. Approximately 377,218 shares were traded during mid-day trading, an increase of 101% from the average daily volume of 187,888 shares. The stock had previously closed at $0.60.

Heritage Distilling Stock Performance

The company has a 50 day moving average price of $0.97.

Heritage Distilling (NASDAQ:CASK) last posted its quarterly earnings data on Friday, December 27th. The company reported ($8.02) earnings per share for the quarter.

Insider Activity at Heritage Distilling

In other Heritage Distilling news, Director Andrew M. Varga purchased 47,500 shares of Heritage Distilling stock in a transaction dated Friday, February 14th. The stock was acquired at an average cost of $1.23 per share, with a total value of $58,425.00. Following the acquisition, the director now directly 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have bought a total of 57,866 shares of company stock worth $71,288 in the last three months.

Institutional Investors Weigh In On Heritage Distilling

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

About Heritage Distilling

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.