Rent-A-Center (RCII) has risen sharply, recording gains of 1.61% in the past 4 weeks. However, the stock has corrected -1.4% 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 2.16% 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 1.9% and the 50-Day Moving Average is 2.36%.The 200 Day SMA reached 3.13%
Rent-A-Center (NASDAQ:RCII): After opening at $12.42, the stock dipped to an intraday low of $12.29 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $12.74 and the buying power remained strong till the end. The stock closed at $12.64 for the day, a gain of 2.35% for the day session. The total traded volume was 684,092. The stocks close on the previous trading day was $12.64.
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.