Crimson Wine Group Ltd (NASDAQ:CWGL) Director Joseph S. Steinberg acquired 5,868 shares of the business’s stock in a transaction that occurred on Wednesday, September 21st. The shares were purchased at an average cost of $8.62 per share, for a total transaction of $50,582.16. Following the completion of the transaction, the director now directly owns 244,343 shares in the company, valued at approximately $2,106,236.66. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Shares of Crimson Wine Group Ltd (NASDAQ:CWGL) opened at 8.60 on Tuesday. The company’s 50-day moving average is $8.54 and its 200 day moving average is $8.48. The stock has a market capitalization of $207.20 million and a P/E ratio of 64.18. Crimson Wine Group Ltd has a 12 month low of $7.58 and a 12 month high of $9.42.
Crimson Wine Group Company Profile
Crimson Wine Group, Ltd. (Crimson) is engaged in producing and selling ultra-premium and luxury wines. The Company operates through two segments: Wholesale Sales and Direct to Consumer Sales. The Wholesale Sales segment includes all sales through a third party where prices are given at a wholesale rate whereas Direct to Consumer Sales segment includes retail sales in the tasting room, remote sites and at on-site events, Wine Club sales, and other sales made directly to the consumer without the use of an intermediary.
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