Insider Buying: Robert Johnson Acquires 2,777 Shares of RLJ Entertainment Stock (RLJE)
RLJ Entertainment (NASDAQ:RLJE) major shareholder Robert Johnson acquired 2,777 shares of the company’s stock in a transaction that occurred on Tuesday, October 8th. The shares were purchased at an average price of $5.05 per share, for a total transaction of $14,023.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
Separately, analysts at Roth Capital initiated coverage on shares of RLJ Entertainment in a research note to investors on Wednesday, July 10th. They set a “buy” rating on the stock.
Shares of RLJ Entertainment (NASDAQ:RLJE) traded up 3.03% on Tuesday, hitting $5.10. The stock had a trading volume of 19,554 shares. RLJ Entertainment has a 1-year low of $3.25 and a 1-year high of $9.68. The stock’s 50-day moving average is $5.48 and its 200-day moving average is $4.7. The company’s market cap is $69.3 million.
RLJ Entertainment, Inc (NASDAQ:RLJE) is a direct wholly owned subsidiary of RLJ Acquisition, Inc (RLJ).
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