News articles about Eastside Distilling (NASDAQ:ESDI) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm ranks the sentiment of press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Eastside Distilling earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned headlines about the company an impact score of 46.0179915089618 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Here are some of the news headlines that may have impacted Accern Sentiment’s rankings:

Shares of Eastside Distilling (NASDAQ:ESDI) opened at 3.75 on Tuesday. The firm has a 50-day moving average of $5.94 and a 200 day moving average of $5.29. Eastside Distilling has a 1-year low of $3.35 and a 1-year high of $12.00.

In related news, major shareholder Glenbrook Capital Lp bought 153,846 shares of the company’s stock in a transaction dated Wednesday, May 17th. The stock was purchased at an average cost of $1.30 per share, with a total value of $199,999.80. Following the transaction, the insider now owns 1,599,861 shares in the company, valued at approximately $2,079,819.30. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Grover T. Wickersham bought 55,555 shares of the company’s stock in a transaction dated Thursday, August 10th. The stock was bought at an average cost of $4.49 per share, with a total value of $249,441.95. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 323,592 shares of company stock valued at $821,128. Corporate insiders own 63.14% of the company’s stock.

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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.

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