Joseph S. Steinberg Buys 3,954 Shares of Crimson Wine Group Ltd (CWGL) Stock
Crimson Wine Group Ltd (NASDAQ:CWGL) Director Joseph S. Steinberg acquired 3,954 shares of Crimson Wine Group stock in a transaction that occurred on Friday, October 7th. The shares were bought at an average cost of $8.78 per share, with a total value of $34,716.12. Following the transaction, the director now owns 270,825 shares in the company, valued at $2,377,843.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Crimson Wine Group Ltd (NASDAQ:CWGL) traded up 1.14% during mid-day trading on Friday, reaching $8.85. The company’s stock had a trading volume of 21,032 shares. 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 cap of $213.22 million and a PE ratio of 66.04. The firm’s 50 day moving average is $8.60 and its 200 day moving average is $8.50.
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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