Jamieson Wellness (JWEL) Trading Down 10.7%

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Jamieson Wellness Inc (TSE:JWEL) fell 10.7% during trading on Wednesday . The stock traded as low as C$17.15 and last traded at C$19.76. 361,692 shares were traded during trading, an increase of 715% from the average session volume of 44,405 shares. The stock had previously closed at C$22.12.

Separately, Royal Bank of Canada boosted their price objective on shares of Jamieson Wellness from C$27.00 to C$29.00 and gave the company an “outperform” rating in a report on Thursday, August 9th. Six analysts have rated the stock with a buy rating, Jamieson Wellness presently has a consensus rating of “Buy” and a consensus price target of C$27.60.

In related news, Director David Michael Williams purchased 10,000 shares of the business’s stock in a transaction on Monday, August 13th. The shares were purchased at an average price of C$26.00 per share, with a total value of C$260,000.00.

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About Jamieson Wellness (TSE:JWEL)

Jamieson Wellness Inc develops, manufactures, distributes, sells, and markets natural health products worldwide. The company operates in two segments, Jamieson Brands and Strategic Partners. The company offers health products for humans, including vitamins, herbals, and mineral nutritional supplements; and over-the-counter remedies under the Jamieson and LVHS brands, as well as sports nutrition products under the Progressive, Precision, and Iron Vegan brands.

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