Crimson Wine Group Ltd (NASDAQ:CWGL) Director Joseph S. Steinberg acquired 6,231 shares of the business’s stock in a transaction on Wednesday, October 5th. The stock was acquired at an average cost of $8.82 per share, for a total transaction of $54,957.42. Following the transaction, the director now directly owns 264,594 shares in the company, valued at $2,333,719.08. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Crimson Wine Group Ltd (NASDAQ:CWGL) opened at 8.78 on Thursday. Crimson Wine Group Ltd has a 12 month low of $7.58 and a 12 month high of $9.42. The company has a market cap of $211.54 million and a P/E ratio of 65.52. The firm has a 50-day moving average price of $8.59 and a 200 day moving average price of $8.50.
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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