Insights

Here’s why the Treasury Wine (ASX:TWE) share price popped some corks to a new 5-week high

It’s been a big few days on the ASX for Treasury Wine. Here are all the details.
The post Here’s why the Treasury Wine (ASX:TWE) share price popped some corks to a new 5-week high appeared first on The Motley Fool Australia. –

The Treasury Wine Estates Ltd (ASX: TWE) share price is having a great run lately, spurred on by exciting news.

Yesterday, Treasury Wine announced a $432 million acquisition that will see it selling luxury Californian chardonnay.

Today, Treasury Wine’s iconic brand, Penfolds, has announced it will be selling non-fungible tokens (NFTs). Though, Penfolds’ NFT likely hasn’t affected its parent company’s share price.

As of Friday’s close, the Treasury Wine share price is $12.01, 4.07% higher than it was at the end of Thursday’s session.

Earlier today, the Treasury Wine share price was boosted up to $12.18, representing a 5.5% surge. That’s the highest the Treasury Wine share price has been since mid-October.

For context, the S&P/ASX 200 Index (ASX: XJO) finished the day up 0.23%.

Let’s take a closer look at the latest news from Treasury Wine.

Treasury Wine share price hits 5-week high

Yesterday was a good day for the Treasury Wine share price after the company announced it is acquiring a popular Californian vineyard.

Frank Family Vineyards ­– located in the Napa Valley – embodies two vineyards, a winery, a tasting room, and a direct-to-customer wine subscription model. All that will be Treasury Wine’s after the $432 million acquisition, set to be finalised next month.

The acquisition was the latest step in the company’s plan to divest Treasury Americas’ low-margin businesses and replace them with bolt-on luxury assets.

The Treasury Wine share price gained 2.5% on the back of yesterday’s news.

And just for fun, Penfolds is launching an NFT

Today, Treasury Wine is back in the headlines with news its Penfolds brand is partnering with BlockBar to produce NFTs.

According to Penfolds, Blockbar is a leading NFT marketplace for luxury wines and spirits.

On 24 November, the platform’s users will be able to purchase a limited edition NFT tied to a rare barrel of Penfolds Magill Cellar 3 wine.

The barrel contains vintage 2021 and will soon be available for purchase for US$130,000, payable in either Ethereum (CYRPTO: ETH), credit card, or wire transfer.

The single barrel NFT will be converted into 300 bottle NFTs when the wine is bottled in October 2022. Those bottle NFTs will then be able to be swapped for a physical bottle in October 2023.

Each bottle will be stored at BlockBar’s facility until its purchaser redeems their NFT.

Additionally, whoever owns the barrel NFT at the time of bottling will get a personalised barrel head. They will also be able to participate in some special experiences.

The post Here’s why the Treasury Wine (ASX:TWE) share price popped some corks to a new 5-week high appeared first on The Motley Fool Australia.

Should you invest $1,000 in Treasury Wine right now?

Before you consider Treasury Wine, you’ll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Treasury Wine wasn’t one of them.

The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

*Returns as of August 16th 2021

More reading

Why Crown, Mineral Resources, Sonic, and Treasury Wine are charging higher

Why Altium, Evolution, Sonic, and Treasury Wine shares are storming higher

Treasury Wine (TWE) share price edges higher on $432 million acquisition

The Treasury Wine (ASX:TWE) share price is still 33% lower than its pre-COVID level. What’s next?

Could the Treasury Wine (ASX:TWE) share price hit $14 by the end of 2021?

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Ethereum. The Motley Fool Australia owns shares of and has recommended Treasury Wine Estates Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!