Insider Buying: RLJ Entertainment major shareholder Acquires 1,800 Shares of Stock (RLJE)
RLJ Entertainment (NASDAQ:RLJE) major shareholder Robert L. Johnson bought 1,800 shares of RLJ Entertainment stock in a transaction that occurred on Tuesday, June 3rd. The shares were purchased at an average cost of $3.82 per share, for a total transaction of $6,876.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
RLJ Entertainment (NASDAQ:RLJE) traded down 2.05% during mid-day trading on Tuesday, hitting $3.81. The stock had a trading volume of 1,701 shares. RLJ Entertainment has a 52-week low of $3.32 and a 52-week high of $6.07. The stock has a 50-day moving average of $3.83 and a 200-day moving average of $4.35. The company’s market cap is $51.2 million.
RLJ Entertainment, Inc (NASDAQ:RLJE) is a direct wholly owned subsidiary of RLJ Acquisition, Inc (RLJ).
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