Is Redbox Entertainment a Good Investment?

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Contributor, Benzinga
June 10, 2022

Redbox Entertainment shares are trading higher on above-average volume as the stock trends across social media platforms.

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%$Buy stock

RedBox is the #1-trending ticker on social media platform Stocktwits and has a session volume exceeding 27.82 million, well in excess of the average session volume of 17.25 million.

Where to Invest in RDBX

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Redbox Entertainment Technicals

The above image shows a stock chart from June 8, 2022 - June 10, 2022, amid the price increase. At press time analysts are giving RDBX a Hold rating. According to data from Benzinga Pro, RedBox has a 52-week high of $27.22 and a 52-week low of $1.61.

Redbox Entertainment Option Alert: Nov 18 $11 Calls Sweep (8) near the Ask: 126 @ $3.294 vs 299 OI; Ref=$12.0673

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $5.0 to $17.0 for Redbox Entertainment over the last 3 months.