Coinstar Worth A Pretty Penny Today

Shares of Coinstar CSTR are up more than 3% today, as its largest competitor filed for bankruptcy earlier this morning. Blockbuster filed Chapter 11 this morning, as it seeks to better compete with Netflix NFLX and Coinstar's Redbox. Coinstar shares are up 3.2% or $1.36 to $40.88. Coinstar, provides automated retail solutions. It owns and operates self-service coin-counting machines, which enable consumers convert their coins to cash, a gift card, or an e-certificate; and installs and operates DVD kiosks, which enable costumers to rent or purchase movies. The company also offers money transfer services.