Crimson Wine Group Ltd (NASDAQ:CWGL) Director Joseph S. Steinberg acquired 5,942 shares of Crimson Wine Group stock in a transaction on Monday, September 26th. The shares were purchased at an average price of $8.62 per share, with a total value of $51,220.04. Following the completion of the purchase, the director now owns 250,211 shares in the company, valued at approximately $2,156,818.82. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Crimson Wine Group Ltd (NASDAQ:CWGL) opened at 8.67 on Friday. The firm’s 50-day moving average is $8.56 and its 200-day moving average is $8.49. Crimson Wine Group Ltd has a 1-year low of $7.58 and a 1-year high of $9.42. The company has a market capitalization of $208.89 million and a price-to-earnings ratio of 64.70.
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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