RLJ Entertainment Major Shareholder Rlj Spac Acquisition, Llc Acquires 1,400 Shares (RLJE)
RLJ Entertainment (NASDAQ:RLJE) major shareholder Rlj Spac Acquisition, Llc bought 1,400 shares of RLJ Entertainment stock on the open market in a transaction that occurred on Tuesday, January 7th. The stock was purchased at an average price of $4.94 per share, with a total value of $6,916.00. Following the completion of the purchase, the insider now directly owns 3,391,442 shares in the company, valued at approximately $16,753,723. The transaction was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
RLJ Entertainment (NASDAQ:RLJE) traded down 1.02% on Wednesday, hitting $4.95. 425 shares of the company’s stock traded hands. RLJ Entertainment has a one year low of $3.25 and a one year high of $6.07. The stock’s 50-day moving average is $4.42 and its 200-day moving average is $5.10. The company’s market cap is $67.8 million.
RLJ Entertainment, Inc (NASDAQ:RLJE) is a direct wholly owned subsidiary of RLJ Acquisition, Inc (RLJ).
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