Crimson Wine Group Ltd (NASDAQ:CWGL) Director Joseph S. Steinberg purchased 6,190 shares of the business’s stock in a transaction on Thursday, September 29th. The shares were bought at an average cost of $8.70 per share, with a total value of $53,853.00. Following the acquisition, the director now directly owns 256,227 shares of the company’s stock, valued at approximately $2,229,174.90. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Crimson Wine Group Ltd (NASDAQ:CWGL) remained flat at $8.67 during mid-day trading on Thursday. 14,730 shares of the stock were exchanged. The stock has a market cap of $208.89 million and a P/E ratio of 64.70. The firm has a 50 day moving average of $8.55 and a 200-day moving average of $8.48. Crimson Wine Group Ltd has a 1-year low of $7.58 and a 1-year 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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