Outerwall (OUTR) has risen sharply, recording gains of 20.62% in the past 4 weeks. However, the stock has corrected -0.15% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 17.7% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Outerwall (NASDAQ:OUTR): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $52.59 and $52.40 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $52.79. The buying momentum continued till the end and the stock did not give up its gains. It closed at $52.58, notching a gain of 0.15% for the day. The total traded volume was 418,750 . The stock had closed at $52.50 on the previous day.
The stock has recorded a 20-day Moving Average of 8.73% and the 50-Day Moving Average is 18.32%. Outerwall Inc. is up 35.94% in the last 3-month period. Year-to-Date the stock performance stands at 47.21%.
Outerwall (OUTR) stock is expected to deviate a maximum of $7.09 from the average target price of $50.75 for the short term period. 4 Street Experts have initiated coverage on the stock with the most promising target being $58 and the most muted being $41.
Outerwall Inc. is a provider of automated retail solutions. The Companys business segments include The Redbox, Coinstar and New Ventures. The Redbox segment is focused on the entertainment consumer sector, where consumers can rent or purchase movies and video games from self-service kiosks. The Coinstar business segment is focused on the money consumer sector and provides self-service kiosks where consumers can convert their coins to cash and convert coins and paper bills to stored value products. Its New Ventures segment identifies, evaluates, builds and develops self-service concepts in the automated retail space.