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Stock Alert: Charlestowne Premium Beverages Slides 32%

Charlestowne Premium Beverages Inc. (FPWM) shares are down more than 32 percent on Thursday morning trade continuing a decline since Wednesday. There was no corporate announcement on the day that could influence the stock movement.

Currently, the shares are at $2.61, down 32.90 percent from the previous close of $3.89 on a volume of 262,809. The shares have traded in a range of $2.18-$4.12 on average volume of 127,731.

On April 8, the alcoholic beverages producer had announced a negotiation to acquire a US vodka brand to add a portfolio of beverages. The company said it will reveal the acquisition details when the deal is through.

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