Crimson Wine Group Ltd (NASDAQ:CWGL) Director Joseph S. Steinberg bought 2,784 shares of the company’s stock in a transaction on Friday, October 14th. The shares were acquired at an average price of $9.00 per share, for a total transaction of $25,056.00. Following the transaction, the director now directly owns 280,844 shares in the company, valued at approximately $2,527,596. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Crimson Wine Group Ltd (NASDAQ:CWGL) opened at 8.99 on Wednesday. The firm has a market cap of $216.60 million and a PE ratio of 67.09. Crimson Wine Group Ltd has a 52-week low of $7.58 and a 52-week high of $9.20. The firm’s 50-day moving average price is $8.69 and its 200 day moving average price is $8.54.
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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