RLJ Entertainment Major Shareholder Purchases $16,800 in Stock (RLJE)
RLJ Entertainment (NASDAQ:RLJE) major shareholder Robert Johnson bought 3,200 shares of the company’s stock on the open market in a transaction dated Monday, September 30th. The stock was purchased at an average cost of $5.25 per share, with a total value of $16,800.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
RLJ Entertainment (NASDAQ:RLJE) traded up 3.61% during mid-day trading on Monday, hitting $5.4499. The stock had a trading volume of 31,925 shares. RLJ Entertainment has a 52 week low of $3.25 and a 52 week high of $9.68. The stock’s 50-day moving average is $5.5 and its 200-day moving average is $4.78. The company’s market cap is $74.0 million.
Separately, analysts at Roth Capital initiated coverage on shares of RLJ Entertainment (NASDAQ:RLJE) in a research note to investors on Wednesday, July 10th. They set a “buy” rating on the stock.
RLJ Entertainment, Inc (NASDAQ:RLJE) is a direct wholly owned subsidiary of RLJ Acquisition, Inc (RLJ).
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