Insider Buying: Robert L. Johnson Purchases 2,300 Shares of RLJ Entertainment Stock (RLJE)
RLJ Entertainment (NASDAQ:RLJE) major shareholder Robert L. Johnson purchased 2,300 shares of RLJ Entertainment stock in a transaction that occurred on Monday, January 13th. The stock was purchased at an average cost of $4.96 per share, for a total transaction of $11,408.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
Shares of RLJ Entertainment (NASDAQ:RLJE) traded down 7.89% during mid-day trading on Monday, hitting $4.55. The stock had a trading volume of 26,130 shares. RLJ Entertainment has a 1-year low of $3.25 and a 1-year high of $6.07. The stock has a 50-day moving average of $4.46 and a 200-day moving average of $5.11. The company’s market cap is $62.3 million.
RLJ Entertainment, Inc (NASDAQ:RLJE) is a direct wholly owned subsidiary of RLJ Acquisition, Inc (RLJ).
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