Outerwall (OUTR) has risen sharply, recording gains of 18.68% in the past 4 weeks. However, the stock has corrected -0.78% 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 17.46% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 3.32% and the 50-Day Moving Average is 14.3%. Outerwall (NASDAQ:OUTR): The stock was completely flat for the day, closing at $52.17 on Friday. The flat closing masks the intraday volatility in the stock. After opening at $52.24, the stock touched an intraday high of $52.27 and a low of $52.16. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $52.17. The total trading volume on Friday was 499,177.
The company Insiders own 2.6% of Outerwall shares according to the proxy statements. Also, Roth Capital downgrades their rating on the shares of Outerwall (NASDAQ:OUTR). The current rating of the shares is Sell. Earlier, the shares were rated a Neutral by the brokerage firm. The rating by the firm was issued on July 25, 2016.
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.