Insider Buying: Rlj Spac Acquisition, Llc Buys 1,578 Shares of RLJ Entertainment Stock (RLJE)
RLJ Entertainment (NASDAQ:RLJE) major shareholder Rlj Spac Acquisition, Llc bought 1,578 shares of the stock on the open market in a transaction dated Tuesday, December 31st. The stock was purchased at an average price of $4.50 per share, for a total transaction of $7,101.00. Following the acquisition, the insider now directly owns 3,390,042 shares of the company’s stock, valued at approximately $15,255,189. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
RLJ Entertainment (NASDAQ:RLJE) traded up 0.84% on Thursday, hitting $4.83. 8,388 shares of the company’s stock traded hands. RLJ Entertainment has a 52-week low of $3.25 and a 52-week high of $6.07. The stock’s 50-day moving average is $4.45 and its 200-day moving average is $5.06. The company’s market cap is $66.2 million.
RLJ Entertainment, Inc (NASDAQ:RLJE) is a direct wholly owned subsidiary of RLJ Acquisition, Inc (RLJ).
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