RDBX - Why Redbox Entertainment Stock Is Roaring Higher Again Today
Shares of Redbox Entertainment (NASDAQ: RDBX) were roaring 25% higher in morning trading Monday as the meme stock continues to run far ahead of the valuation that it's been assigned by a takeover deal certain to go through.
This morning, Redbox picked up where it left off on Friday after a new short-interest report showed short-sellers piling into the stock with the short-interest ratio tripling from the previous period. The operator of movie-rental kiosks gained 39% by the market close last week.
Image source: Redbox.
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Why Redbox Entertainment Stock Is Roaring Higher Again Today