Crimson Wine Group Ltd (NASDAQ:CWGL) Director Joseph S. Steinberg purchased 3,954 shares of Crimson Wine Group stock in a transaction on Friday, October 7th. The shares were acquired at an average cost of $8.78 per share, for a total transaction of $34,716.12. Following the completion of the transaction, the director now owns 270,825 shares of the company’s stock, valued at $2,377,843.50. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Crimson Wine Group Ltd (NASDAQ:CWGL) opened at 8.88 on Tuesday. The firm has a market capitalization of $213.95 million and a PE ratio of 66.27. The firm’s 50-day moving average is $8.61 and its 200-day moving average is $8.51. Crimson Wine Group Ltd has a 12 month low of $7.58 and a 12 month high of $9.40.
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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