Joseph S. Steinberg Purchases 8,137 Shares of Crimson Wine Group Ltd (CWGL) Stock
Crimson Wine Group Ltd (NASDAQ:CWGL) Director Joseph S. Steinberg bought 8,137 shares of the stock in a transaction dated Wednesday, October 12th. The stock was bought at an average price of $8.92 per share, with a total value of $72,582.04. Following the purchase, the director now owns 275,381 shares of the company’s stock, valued at approximately $2,456,398.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Crimson Wine Group Ltd (NASDAQ:CWGL) opened at 8.97 on Thursday. The stock has a 50 day moving average price of $8.63 and a 200-day moving average price of $8.52. Crimson Wine Group Ltd has a 1-year low of $7.58 and a 1-year high of $9.29. The firm has a market cap of $216.11 million and a price-to-earnings ratio of 66.94.
About Crimson Wine Group
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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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