Joseph S. Steinberg Purchases 6,231 Shares of Crimson Wine Group Ltd (CWGL) Stock
Crimson Wine Group Ltd (NASDAQ:CWGL) Director Joseph S. Steinberg purchased 6,231 shares of the stock in a transaction dated Wednesday, October 5th. The shares were acquired at an average price of $8.82 per share, with a total value of $54,957.42. Following the completion of the acquisition, the director now owns 264,594 shares in the company, valued at approximately $2,333,719.08. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Crimson Wine Group Ltd (NASDAQ:CWGL) opened at 8.75 on Friday. The stock has a market capitalization of $210.81 million and a PE ratio of 65.30. The stock’s 50 day moving average price is $8.60 and its 200-day moving average price is $8.50. 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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