Eastside Distilling (NASDAQ:ESDI) Receives Daily News Sentiment Rating of 0.17

News headlines about Eastside Distilling (NASDAQ:ESDI) have been trending somewhat positive this week, Accern reports. The research group identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Eastside Distilling earned a news sentiment score of 0.17 on Accern’s scale. Accern also gave media stories about the company an impact score of 46.4660275197194 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Shares of Eastside Distilling (NASDAQ ESDI) opened at 6.50 on Wednesday. Eastside Distilling has a 52-week low of $1.50 and a 52-week high of $12.00. The company has a 50-day moving average price of $5.86 and a 200-day moving average price of $5.30. The company’s market cap is $20.85 million.

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In related news, Chairman Grover T. Wickersham acquired 45,565 shares of the stock in a transaction dated Friday, June 2nd. The stock was acquired at an average cost of $1.30 per share, with a total value of $59,234.50. Following the purchase, the chairman now directly owns 224,670 shares of the company’s stock, valued at $292,071. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Glenbrook Capital Lp acquired 153,846 shares of the stock in a transaction dated Wednesday, May 17th. The stock was bought at an average cost of $1.30 per share, with a total value of $199,999.80. Following the completion of the purchase, the insider now directly owns 1,599,861 shares in the company, valued at $2,079,819.30. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 202,311 shares of company stock valued at $276,576.

Eastside Distilling Company Profile

Eastside Distilling, Inc (Eastside) is a manufacturer, developer, producer and marketer of master-crafted spirits. The Company’s beverage alcohol categories include bourbon, whiskey, rum and vodka. The Company operates through the marketing and distributing of hand-crafted spirits segment. Its brands include Burnside Bourbon, Burnside Oregon Oaked Bourbon, Barrel Hitch American Whiskey, Barrel Hitch Oregon Oak American Whiskey, Below Deck Silver Rum, Below Deck Ginger Rum, Below Deck Coffee Rum, Below Deck Spiced Rum, Portland Potato Vodka, Marionberry Whiskey and Cherry Bomb Whiskey.