What's Going On With Wetouch Technology (WETH) Stock?

Wetouch Technologies Inc WETH shares are trading lower by 21.7% to $2.47 during Monday’s session. The company earlier announced a $15 million stock buyback.

The company will repurchase shares in the open market or through private transactions based on factors such as price, trading volume, and market conditions. The program can be suspended or discontinued at any time.

CEO Zongyi Lian stated that the buyback reflects confidence in Wetouch’s business, noting that the company’s strong cash position and undervalued stock present a valuable opportunity to return value to shareholders.

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How To Buy WETH Stock

By now you're likely curious about how to participate in the market for Wetouch Technology – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, or Amazon.com, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.

In the the case of Wetouch Technology, which is trading at $2.54 as of publishing time, $100 would buy you 39.37 shares of stock.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

According to data from Benzinga Pro, WETH has a 52-week high of $18.78 and a 52-week low of $1.13.