Crimson Wine Group Ltd (NASDAQ:CWGL) Director Joseph S. Steinberg purchased 6,190 shares of Crimson Wine Group stock in a transaction on Thursday, September 29th. The stock was acquired at an average cost of $8.70 per share, for a total transaction of $53,853.00. Following the acquisition, the director now directly owns 256,227 shares of the company’s stock, valued at $2,229,174.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Crimson Wine Group Ltd (NASDAQ:CWGL) opened at 8.67 on Friday. Crimson Wine Group Ltd has a one year low of $7.58 and a one year high of $9.42. The firm has a 50 day moving average of $8.56 and a 200 day moving average of $8.49. The stock has a market cap of $208.89 million and a P/E ratio of 64.70.
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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