Crimson Wine Group, Ltd. (CWGL), a corporation established in 1991 and headquartered in Napa, California, specializes in the crafting and commercialization of wines. Operating through its various subsidiaries, the company organizes its activities into two core segments: Wholesale and Direct to Consumer. Domestically, its wines are distributed via independent wine and spirit distributors throughout the United States. Internationally, the company collaborates with independent importers and brokers to reach global markets. Crimson Wine Group's extensive brand portfolio features acclaimed labels such as Pine Ridge Vineyards, Archery Summit, Chamisal Vineyards, Seghesio Family Vineyards, Double Canyon, Seven Hills Winery, and Malene Wines. Its products are exported to 30 countries worldwide. The company previously operated under the name Leucadia Cellars, Ltd., before officially changing to Crimson Wine Group, Ltd. in November 2007.
Crimson Wine Group (OTCMKTS:CWGL) Share Price Crosses Above Fifty Day Moving Average – Time to Sell?
Crimson Wine Group Ltd. (OTCMKTS:CWGL - Get Free Report) crossed above its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $4.26 and traded as high as $4.47. Crimson Wine Group shares last traded at $4.45, with a volume of 10,428 shares trading hands. Crimson Wine Group Stock Performance