Is Redbox Entertainment a Good Investment?

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Is Redbox Entertainment a Good Investment?

The post Is Redbox Entertainment a Good Investment? by Jordan Robertson appeared first on Benzinga. Visit Benzinga to get more great content like this.

Redbox Entertainment shares are trading higher on above-average volume as the stock trends across social media platforms.

Redbox Entertainment (NASDAQ:RDBX)

13.200

3.73
[39.39%]

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9.65 – 14.6999

1.6101 – 27.22

9.655

12.62M

74.75M/18.40M

166.56M

12.62M

/0%

0.000

10.86M

RedBox is the #1-trending ticker on social media platform Stocktwits and has a session volume exceeding 27.82 million, well in excess of the average session volume of 17.25 million.

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Where to Invest in RDBX

Take a look at some of the top broker platforms for investing in stocks.

Webull

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Intermediate Traders and Investors
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Webull, founded in 2017, is a mobile app-based brokerage that features commission-free stock and exchange-traded fund (ETF) trading. It’s regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).

Webull offers active traders technical indicators, economic calendars, ratings from research agencies, margin trading and short-selling. Webull’s trading platform is designed for intermediate and experienced traders, although beginning traders can also benefit.

Webull is widely considered one of the best Robinhood alternatives.

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Cons
  • Does not support trading in mutual funds, bonds or OTC stocks

Moomoo

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Active Traders
N/A
1 Minute Review

Moomoo is a commission-free mobile trading app available on Apple, Google and Windows devices. A subsidiary of Futu Holdings Ltd., it’s backed by venture capital affiliates of Matrix, Sequoia, and Tencent (NASDAQ: FUTU). Securities offered by Futu Inc., regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).

Moomoo is another great alternative for Robinhood. This is an outstanding trading platform if you want to dive deep into smart trading. It offers impressive trading tools and opportunities for both new and advanced traders, including advanced charting, pre and post-market trading, international trading, research and analysis tools, and most popular of all, free Level 2 quotes.

Get started right away by downloading Moomoo to your phone, tablet or another mobile device.

Best For

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  • No minimum deposit to open an account.
Cons
  • No chat support

eTrade

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Best For
Desktop Trading
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1 Minute Review

E*TRADE is an online discount trading house that offers brokerage and banking services to individuals and businesses. One of the first brokers to embrace online trading, E*TRADE not only survived both the dot-com bubble and Recession — it thrived. You can choose from two different platforms (one basic, one advanced). E*TRADE is a suitable broker for traders of most skill levels, whether you want to buy mutual funds and hold them for decades or dabble in options swing trading. E*TRADE offers a library of research and education materials to help you out.

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Cons
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  • Higher margin rates than competitors
  • No paper trading on its standard platform

Interactive Broker

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GlobalAnalyst Product
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1 Minute Review

This latest groundbreaking technology is IBKR GlobalAnalyst, a new trading tool that helps investors compare the rate of PEG or price-earnings growth valuations and provide more immediate and comprehensive financial metrics of stocks, globally.

Recognizing that stock selection can be challenging for investors to compare the valuations of domestic and international stocks, Interactive Brokers created GlobalAnalyst to offer investors a simple, yet powerful tool to easily evaluate investment opportunities around the world.

Using GlobalAnalyst, investors can search for stocks by region, country, industry, market capitalization and currency to uncover undervalued stocks worldwide. The resulting table displays the current market and financial metrics, including the PEG Ratio. The PEG Ratio is the PE ratio divided by the three-year compound earnings growth rate, and smaller PEG Ratios typically indicate undervalued companies.

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Pros
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Cons

    eToro

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    Disclosure: eToro USA LLC; Investments are subject to market risk, including the possible loss of principal.
    Best For
    Copy Trading
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    eToro is a broker that offers access to over 25 of the world’s most popular cryptocurrencies, forex and over 1600 stocks. They have a few unique education and useability tools. Traders can begin buying and selling in as little as 10 minutes.

    eToro’s unique CopyTrader feature allows new investors to “copy” the buy and sell orders of professional investors, while the company’s eToro Club feature provides investors with a range of additional education tools and resources. 

    Best For

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    Pros
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    • Virtual dummy account that gives you $100,000 to practice trades
    Cons
    • High non-trading fees

    CenterPoint Securities

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    Best For
    Momentum traders
    N/A
    1 Minute Review

    CenterPoint Securities is ideal for active traders who demand access to advanced tools and services. While investors and casual traders are likely to be content with the basic offerings of traditional online brokerages, active traders will benefit from CenterPoint’s suite of advanced trading tools. If you value execution quality, access to short inventory, advanced trading platforms, and accessible customer service, CenterPoint is an excellent choice.

    Best For

    • Intermediate to Advanced traders
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    • Advanced platform with fast executions
    • Reliable customer service
    Cons
    • Not designed for beginner or low-volume traders

    Redbox Entertainment Technicals

    Screenshot from Benzinga Pro

    The above image shows a stock chart from June 8, 2022 – June 10, 2022, amid the price increase. At press time analysts are giving RDBX a Hold rating. According to data from Benzinga Pro, RedBox has a 52-week high of $27.22 and a 52-week low of $1.61.

    Redbox Entertainment Option Alert: Nov 18 $11 Calls Sweep (8) near the Ask: 126 @ $3.294 vs 299 OI; Ref=$12.0673

    What’s The Price Target?

    Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $5.0 to $17.0 for Redbox Entertainment over the last 3 months.

    The post Is Redbox Entertainment a Good Investment? by Jordan Robertson appeared first on Benzinga. Visit Benzinga to get more great content like this.