Redbox Entertainment (NASDAQ: RDBX) returning from Moon

Redbox Entertainment (NASDAQ: RDBX) returning from Moon

(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.

24/7 MARKET NEWS, INC Disclaimer
24/7 MARKET NEWS (“24/7 MN”) is dedicated to covering various underreported segments of the stock markets. Our goal is to help you to better understand these markets, but 24/7 MN is neither an investment advisor nor a financial advisor, and no information provided here is to be interpreted as a suggestion to buy or sell stocks or other investment products. All opinions, news, research, analysis, prices or other information contained on 247marketnews.com, its press releases, or other services are provided for educational purposes only and do not constitute investment advice. You are solely responsible for the investment decisions you make.

Please go to www.247marketnews.com or https://www.247marketnews.com/terms-disclaimer/ for further information.

Signup today for free and be the first to get notified of breaking news.

SIGN UP FOR OUR NEWSLETTER

Sign up for Breaking Alerts, our newsletter putting timely and updated stock and crypto markets news into your hands.

Add New Playlist