Jowell Global Secures $2.8 Million Through Private Share Placement
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Jowell Global Ltd. has secured $2.8 million through a private placement of 2 million shares at $1.40 each with Jowell Holdings Ltd. This transaction is expected to enhance the company's capital base and market positioning. Currently, JWEL stock holds a Hold rating with a $1.50 price target, but faces challenges due to financial instability and weak technical indicators. Jowell Global operates in the e-commerce sector, focusing on consumer product distribution.
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