AMC - RedBox reels as stock continues string of wild daily swings

Redbox Entertainment (NASDAQ:RDBX -15.0%) sank sharply on Thursday as a broader sell-off hit shares.  Shares dropped over 16% on Thursday afternoon, giving up gains from a double-digit jump to the upside on Wednesday as trading volume continues to trend above average. In just the past week, shares have moved in an incredibly wide range. Since Friday, shares have made an average daily move of 36.82%. The most recent stocks appear to have been motivated by recent financing moves that allow the rental operation to continue with a healthier balance sheet. Also, the stock is heavily shorted and has been considered a “meme stock” candidate, perhaps amplifying the swings in the stock. However, the company also has believers among Wall Street analysts even amid the wild swings in share price each day. “We believe the significant stock price move in recent weeks—which, we acknowledge, has more than likely been aided by

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RedBox reels as stock continues string of wild daily swings