Regal Entertainment Group (RGC) has risen sharply, recording gains of 6.33% in the past 4 weeks. However, the stock has corrected -0.42% 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 2.87% 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 3.46% and the 50-Day Moving Average is 9.75%. Regal Entertainment Group is up 14% in the last 3-month period. Year-to-Date the stock performance stands at 27.37%.
Regal Entertainment Group (NYSE:RGC): stock turned positive on Friday. Though the stock opened at $23.31, the bulls momentum made the stock top out at $23.71 level for the day. The stock recorded a low of $23.16 and closed the trading day at $23.52, in the green by 0.90%. The total traded volume for the day was 887,974. The stock had closed at $23.31 in the previous days trading.
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