Crimson Wine Group Ltd (NASDAQ:CWGL) Director Ian M. Cumming bought 2,840 shares of the business’s stock in a transaction on Thursday, July 28th. The stock was purchased at an average cost of $8.50 per share, for a total transaction of $24,140.00. Following the transaction, the director now owns 2,325,054 shares of the company’s stock, valued at $19,762,959. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Shares of Crimson Wine Group Ltd (NASDAQ:CWGL) traded down 0.71% during mid-day trading on Thursday, reaching $8.40. The company’s stock had a trading volume of 4,147 shares. The firm’s 50 day moving average price is $8.42 and its 200-day moving average price is $8.35. The company has a market capitalization of $202.95 million and a price-to-earnings ratio of 47.73. Crimson Wine Group Ltd has a 1-year low of $7.58 and a 1-year high of $9.43.
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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