Rent-A-Center (RCII) Shares are Up 3.72%

Rent-A-Center (RCII) has been under a strong bear grip, hence the stock is down -5.68% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 3.67% in the past 1 week. The stock has risen by 3.72% in the past week indicating that the buyers are active at lower levels, but the stock is down -4.71% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 2.21% and the 50-Day Moving Average is 1.28%. Rent-A-Center (NASDAQ:RCII): stock turned positive on Friday. Though the stock opened at $12.46, the bulls momentum made the stock top out at $12.64 level for the day. The stock recorded a low of $12.3 and closed the trading day at $12.54, in the green by 0.72%. The total traded volume for the day was 552,593. The stock had closed at $12.45 in the previous days trading.


The company Insiders own 3.4% of Rent-A-Center shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 8.21% . Institutional Investors own 99.87% of Rent-A-Center shares. During last six month period, the net percent change held by insiders has seen a change of 9.01%. Also, Topeka Capital initiates coverage on Rent-A-Center (NASDAQ:RCII) The brokerage firm has issued a Buy rating on the shares. The Analysts at the ratings agency announces the price target to $27 per share. The rating by the firm was issued on May 24, 2016.

Rent-A-Center, Inc. is a rent-to-own operator in North America. The Company provides an opportunity to obtain ownership of products, such as consumer electronics, appliances, computers (including tablets and smartphones), furniture and accessories, under rental purchase agreements. The Company operates in four segments: Core U.S., Acceptance Now, Mexico, and Franchising. The Company offers brands, such as LG, Samsung, Sony, Toshiba and Vizio home electronics; Whirlpool appliances; Acer, Apple, Asus, Dell, Hewlett-Packard, Samsung, Sony and Toshiba computers and/or tablets; Samsung and HTC smartphones; and Albany, Ashley, England, Klaussner, Lane, Standard and Welton furniture. Consumer electronic products offered by its stores include high definition televisions and stereos, among others; appliances include refrigerators, freezers, washing machines, dryers and ranges; furniture products include dining room, living room and bedroom furniture and accessories include lamps and tables.

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