Regal Entertainment Group (NYSE:RGC) has shown a rise of 9.3% or 1,821,765 shares in the short positions. The bets have increased to 21,313,324 shares on June 15,2016 from 19,491,559 shares on May 31,2016. With respect to the floated shares, the shorts are 16.3%. The days to cover are calculated to be 13, using the standard per day volume of 1,677,263 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Regal Entertainment Group (NYSE:RGC): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $19.92 and $19.61 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $21.02. The buying momentum continued till the end and the stock did not give up its gains. It closed at $20.66, notching a gain of 0.39% for the day. The total traded volume was 3,928,958 . The stock had closed at $20.58 on the previous day.
The company shares have dropped -1.05% from its 1 Year high price. On Jul 2, 2015, the shares registered one year high at $21.98 and the one year low was seen on Jan 28, 2016. The 50-Day Moving Average price is $20.65 and the 200 Day Moving Average price is recorded at $19.71.
Stocks of Regal Entertainment Group (NYSE:RGC) rallied by 0.88% during the past week but lost 2.73% on a 4-week basis. In the past week, the company has outperformed the S&P 500 by 2.55% and the outperformance has advanced to 0.21% for the last 4 weeks period.
Regal Entertainment Group (Regal) operates a theatre circuit in the United States. The Companys theatre circuit consists of around 7,367 screens in 574 theatres in 42 states along with Guam, Saipan, American Samoa and the District of Columbia. It operates multi-screen theatres and has an average of around 12.8 screens per location. The Company develops, acquires and operates multi-screen theatres in mid-sized metropolitan markets and suburban growth areas of metropolitan markets throughout the United States. The Company is the parent company of Regal Entertainment Holdings, Inc. (REH), which is the parent company of Regal Cinemas Corporation (Regal Cinemas) and its subsidiaries that include Regal Cinemas, Inc. (RCI), Edwards Theatres, Inc. (Edwards), Regal CineMedia Corporation (RCM) and United Arti