Coinstar Climbing On Heavy Volume (CSTR)

Coinstar (NASDAQ: CSTR) reported better than expected earnings last Friday morning and the stock gapped considerably higher. That momentum is continuing into Monday's trading session, as CSTR shares are one of the leaders on the Nasdaq exchange today, jumping 6.75% higher to $47.35.

Volume in the name has been heavy, with 2.94 million shares already changing hands versus a daily average of 1.48 million. The company now has a market cap of
$1.48 billion. Year-to-date, Coinstar shares have gained an incredible 71%.

Coinstar, Inc. (CSTR) is a provider of automated retail solutions. Its business segments include Coin services, DVD services, Money Transfer services and E-payment services.