Crimson Wine Group Ltd (CWGL) Director Joseph S. Steinberg Acquires 3,954 Shares
Crimson Wine Group Ltd (NASDAQ:CWGL) Director Joseph S. Steinberg bought 3,954 shares of Crimson Wine Group stock in a transaction dated Friday, October 7th. The stock was acquired at an average price of $8.78 per share, with a total value of $34,716.12. Following the acquisition, the director now directly owns 270,825 shares of the company’s stock, valued at $2,377,843.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Crimson Wine Group Ltd (NASDAQ:CWGL) opened at 8.85 on Monday. The stock has a 50 day moving average price of $8.61 and a 200-day moving average price of $8.51. The stock has a market cap of $213.22 million and a price-to-earnings ratio of 66.04. Crimson Wine Group Ltd has a 12-month low of $7.58 and a 12-month high of $9.40.
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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