RDBX

Despite a pullback in Tuesday’s session, shares of American video rental company Redbox (RDBX) have put in a massive rally recently, and trading was even halted twice on Monday in what looked like a short squeeze. To wit, shares are up 260% over the past 10 trading days. Wait a minute, what year is this? Are people suddenly renting DVDs and Blu-ray Discs by the bucket load? Not really. The name appears to be the retail crowd’s new darling after the company secured a new line of financing recently and announced the CFO’s departure, a move which is normally perceived as bearish but evidently not in this case.
https://www.tipranks.com/news/article/is-redbox-stock-a-buy-following-recent-huge-rally-analyst-weighs-in?utm_source=advfn.com&utm_medium=referral