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StockNews.com
StockNews.com
Business
Nimesh Jaiswal

Up More Than 100% in the Past Month, is Redbox Entertainment Still a Buy?

Redbox Entertainment Entertainment

Redbox Entertainment Inc. (RDBX) operates a network of self-service kiosks in the United States. The stock has gained 118% over the past month and 310% over the past three months, driven by newfound interest from retail investors and its recently announced $50 million in additional financing arrangements. It recently acquired North American distribution rights to WWII action-drama Come Out Fighting.

In addition, Chicken Soup for the Soul Entertainment (CSSE) will acquire RDBX to form the streaming industry’s premier independent AVOD platforms.

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