Joseph S. Steinberg Purchases 8,137 Shares of Crimson Wine Group Ltd (CWGL) Stock
Crimson Wine Group Ltd (NASDAQ:CWGL) Director Joseph S. Steinberg purchased 8,137 shares of Crimson Wine Group stock in a transaction that occurred on Wednesday, October 12th. The stock was acquired at an average price of $8.92 per share, for a total transaction of $72,582.04. Following the transaction, the director now directly owns 275,381 shares of the company’s stock, valued at approximately $2,456,398.52. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Shares of Crimson Wine Group Ltd (NASDAQ:CWGL) opened at 8.97 on Thursday. Crimson Wine Group Ltd has a 12 month low of $7.58 and a 12 month high of $9.29. The company has a market cap of $216.11 million and a PE ratio of 66.94. The company has a 50-day moving average of $8.63 and a 200 day moving average of $8.52.
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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