Redbox Entertainment (NASDAQ:RDBX) Trading Down 4.6%

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Redbox Entertainment Inc. (NASDAQ:RDBXGet Rating) was down 4.6% during trading on Friday . The stock traded as low as 10.48 and last traded at 11.15. Approximately 27,661 shares were traded during trading, a decline of 100% from the average daily volume of 11,783,699 shares. The stock had previously closed at 11.69.

Several research firms recently issued reports on RDBX. BTIG Research lowered shares of Redbox Entertainment from a “buy” rating to a “neutral” rating in a report on Monday, April 18th. Canaccord Genuity Group reduced their target price on shares of Redbox Entertainment from $16.00 to $3.00 and set a “buy” rating for the company in a report on Wednesday, April 20th. Wedbush lowered shares of Redbox Entertainment from an “outperform” rating to a “neutral” rating in a report on Wednesday, May 11th. B. Riley lowered shares of Redbox Entertainment from a “neutral” rating to a “sell” rating in a report on Friday, May 27th. Finally, Canaccord Genuity Group reduced their target price on shares of Redbox Entertainment from $16.00 to $3.00 in a report on Wednesday, April 20th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Redbox Entertainment has a consensus rating of “Hold” and a consensus price target of 9.57.

The company has a 50 day simple moving average of 5.63 and a two-hundred day simple moving average of 5.15.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. National Asset Management Inc. bought a new position in shares of Redbox Entertainment during the 1st quarter valued at approximately $30,000. Squarepoint Ops LLC bought a new position in shares of Redbox Entertainment during the 4th quarter valued at approximately $104,000. Goldman Sachs Group Inc. bought a new position in shares of Redbox Entertainment during the 1st quarter valued at approximately $36,000. CenterStar Asset Management LLC bought a new position in shares of Redbox Entertainment during the 4th quarter valued at approximately $130,000. Finally, Northern Trust Corp bought a new position in shares of Redbox Entertainment during the 4th quarter valued at approximately $132,000.

Redbox Entertainment Company Profile (NASDAQ:RDBX)

Redbox Entertainment Inc operates a network of self-service kiosks in the United States. It operates a network of approximately 38,000 self-service kiosks, where consumers could rent or purchase new-release DVDs and Blu-ray Discs. The company provides installation, merchandising, and break-fix services to other kiosk businesses.

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