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RLJ Entertainment (NASDAQ:RLJE) major shareholder Rlj Spac Acquisition, Llc acquired 2,200 shares of the company’s stock on the open market in a transaction that occurred on Friday, June 13th. The stock was purchased at an average price of $3.53 per share, with a total value of $7,766.00. Following the purchase, the insider now directly owns 3,016,193 shares of the company’s stock, valued at approximately $10,647,161. The purchase was disclosed in a document filed with the Securities & Exchange Commission, 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.

Shares of RLJ Entertainment (NASDAQ:RLJE) opened at 3.60 on Thursday. RLJ Entertainment has a 52 week low of $3.32 and a 52 week high of $6.07. The stock’s 50-day moving average is $3.73 and its 200-day moving average is $4.27. The company’s market cap is $48.3 million.

RLJ Entertainment, Inc (NASDAQ:RLJE) is a direct wholly owned subsidiary of RLJ Acquisition, Inc (RLJ).

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