Joseph S. Steinberg Acquires 2,130 Shares of Crimson Wine Group Ltd (CWGL) Stock
Crimson Wine Group Ltd (NASDAQ:CWGL) Director Joseph S. Steinberg purchased 2,130 shares of the stock in a transaction that occurred on Friday, September 30th. The stock was bought at an average cost of $8.67 per share, for a total transaction of $18,467.10. Following the acquisition, the director now directly owns 262,517 shares in the company, valued at approximately $2,276,022.39. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Shares of Crimson Wine Group Ltd (NASDAQ:CWGL) opened at 8.65 on Friday. The company has a 50 day moving average of $8.56 and a 200-day moving average of $8.49. The company has a market cap of $208.40 million and a PE ratio of 64.55. Crimson Wine Group Ltd has a 12-month low of $7.58 and a 12-month high of $9.42.
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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