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An announcement from Treasury Wine Estates Limited ( (AU:TWE) ) is now available.
Treasury Wine Estates Limited announced the release of 6,575,020 shares from voluntary escrow, which were issued as part of the acquisition of DAOU Vineyards, LLC. This marks the completion of the share release process under the acquisition terms, potentially impacting the company’s stock liquidity and market dynamics.
The most recent analyst rating on (AU:TWE) stock is a Sell with a A$5.11 price target. To see the full list of analyst forecasts on Treasury Wine Estates Limited stock, see the AU:TWE Stock Forecast page.
More about Treasury Wine Estates Limited
Treasury Wine Estates Limited is a prominent player in the wine industry, focusing on the production and distribution of premium wines. The company has a significant market presence and is known for its strategic acquisitions to expand its portfolio.
YTD Price Performance: -47.47%
Average Trading Volume: 5,613,450
Technical Sentiment Signal: Sell
Current Market Cap: A$4.59B
For an in-depth examination of TWE stock, go to TipRanks’ Overview page.