Regal Entertainment Group (RGC) : Traders are bullish on Regal Entertainment Group (RGC) as it has outperformed the S&P 500 by a wide margin of 1.1% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.71%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.88% in the last 1 week, and is up 0.55% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 0.76% and the 50-Day Moving Average is 0.24%.The 200 Day SMA reached 7.94%
Regal Entertainment Group (NYSE:RGC): After opening at $21.66, the stock dipped to an intraday low of $21.6062 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $21.825 and the buying power remained strong till the end. The stock closed at $21.75 for the day, a gain of 0.65% for the day session. The total traded volume was 892,789. The stocks close on the previous trading day was $21.75.
Regal Entertainment Group (RGC) has been rated by 11 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $31 and the lowest price target forecast is $19. The average forecast of all the analysts is $23.9 and the expected standard deviation is $3.45.
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