Stock Alert: Gaucho Group Down 9%

Shares of e-commerce platforms group Gaucho Group Holdings, Inc. (VINO) are down 9 percent in Wednesday's after-trade after gaining nearly 95 percent during regular trade. The stock was positively impacted by the official launch of Amazon Storefront, Gaucho - Bueno Aires storefront on Amazon.com. With this step all of Gaucho's luxury goods will now be offered on Amazon along side its primary e-commerce website at GauchoBuenosAires.com.

The stock is down $0.52 or 9% to touch $7.50 in after-trading. VINO closed Wednesday's trade at $7.98, up $3.89 or 95% on the NASDAQ.

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