Crimson Wine Group Ltd (NASDAQ:CWGL) Director Joseph S. Steinberg purchased 8,137 shares of the firm’s stock in a transaction on Wednesday, October 12th. The shares were acquired at an average cost of $8.92 per share, for a total transaction of $72,582.04. Following the completion of the purchase, the director now directly owns 275,381 shares of the company’s stock, valued at approximately $2,456,398.52. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Crimson Wine Group Ltd (NASDAQ:CWGL) opened at 9.07 on Friday. The stock has a market capitalization of $218.52 million and a P/E ratio of 67.69. Crimson Wine Group Ltd has a 1-year low of $7.58 and a 1-year high of $9.28. The firm’s 50 day moving average is $8.65 and its 200 day moving average is $8.52.
About Crimson Wine Group
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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