Heritage Distilling (NASDAQ:CASK) Stock Price Down 3% – Here’s Why

Posted by Dee Baugher on Mar 28th, 2025

Heritage Distilling Holding Company, Inc. (NASDAQ:CASK – Get Free Report) was down 3% during trading on Tuesday . The stock 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 Price Performance

The company has a 50-day simple moving average of $0.94.

Heritage Distilling (NASDAQ:CASK – Get Free Report) last issued its quarterly earnings results on Friday, December 27th. The company reported ($8.02) EPS for the quarter.

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 purchased at an average price of $1.23 per share, with a total value of $58,425.00. Following the completion of the purchase, the director now owns 52,500 shares of the company’s stock, valued at approximately $64,575. This trade represents a 950.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders have bought 57,866 shares of company stock worth $71,288 in the last ninety days.

Hedge Funds Weigh In On Heritage Distilling

A hedge fund recently bought a new stake in Heritage Distilling stock. Anson Funds Management LP bought a new position in shares of Heritage Distilling Holding Company, Inc. (NASDAQ:CASK – Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 515,371 shares of the company’s stock, valued at approximately $886,000. Anson Funds Management LP owned approximately 9.51% of Heritage Distilling at the end of the most recent quarter.

Heritage Distilling Company Profile

(Get Free Report)

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.