Crimson Wine Group Ltd (CWGL) Director Acquires $50,582.16 in Stock
Crimson Wine Group Ltd (NASDAQ:CWGL) Director Joseph S. Steinberg purchased 5,868 shares of the stock in a transaction that occurred on Wednesday, September 21st. The stock was acquired at an average cost of $8.62 per share, with a total value of $50,582.16. Following the completion of the acquisition, the director now directly owns 244,343 shares of the company’s stock, valued at $2,106,236.66. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Crimson Wine Group Ltd (NASDAQ:CWGL) opened at 8.55 on Thursday. Crimson Wine Group Ltd has a one year low of $7.58 and a one year high of $9.42. The firm has a market capitalization of $206.00 million and a P/E ratio of 63.81. The company has a 50-day moving average price of $8.53 and a 200-day moving average price of $8.48.
Crimson Wine Group Company Profile
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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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