(24/7 Market News) Just yesterday Redbox Entertainment Equity Warrants (NASDAQ: RDBXW) hit a new 52 week high and Redbox Entertainment, Inc. (NASDAQ: RDBX) hit a multi-month high. However, today is a perfect example of why we’re constantly harping on why these may not be the best place for investors to park their money.
After hitting $18.00, yesterday, Redbox Entertainment (NASDAQ: RDBX) is falling hard in this morning’s premarket; down another $3.61 (-23.64%), at $11.66, on 1,359,376 premarket shares.
Redbox Entertainment Equity Warrants (NASDAQ: RDBXW) are down even more, percentagewise, at $1.79, down $1.26 (-41.31%), on 244,283 shares.
Again, these are great for traders and they may even, someday, takeoff and never return, but all others should think twice about getting on this ride.
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