Regal Entertainment Group (NYSE:RGC) has risen sharply, recording gains of 9.6% in the past 4 weeks. However, the stock has corrected -1.45% 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 7.86% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The company shares have rallied 4.36% from its 1 Year high price. On Jun 29, 2016, the shares registered one year high at $22.48 and the one year low was seen on Jan 28, 2016. The 50-Day Moving Average price is $20.85 and the 200 Day Moving Average price is recorded at $19.93.
The stock has recorded a 20-day Moving Average of 4.78% and the 50-Day Moving Average is 4.91%.
Regal Entertainment Group (NYSE:RGC): stock turned positive on Friday. Though the stock opened at $21.71, the bulls momentum made the stock top out at $21.97 level for the day. The stock recorded a low of $21.7 and closed the trading day at $21.8, in the green by 0.83%. The total traded volume for the day was 1,255,852. The stock had closed at $21.62 in the previous days trading.
In an insider trading activity, The Securities and Exchange Commission has divulged that Brandow Peter B, Officer (Evp, General Counsel, Sec.) of REGAL ENTERTAINMENT GROUP, had unloaded 49,024 shares at an average price of $21.51 in a transaction dated on June 29, 2016. The total value of the transaction was worth $1,054,506.
Regal Entertainment Group (Regal) operates a theatre circuit in the United States. The Companys theatre circuit consists of around 7,367 screens in 574 theatres in 42 states along with Guam, Saipan, American Samoa and the District of Columbia. It operates multi-screen theatres and has an average of around 12.8 screens per location. The Company develops, acquires and operates multi-screen theatres in mid-sized metropolitan markets and suburban growth areas of metropolitan markets throughout the United States. The Company is the parent company of Regal Entertainment Holdings, Inc. (REH), which is the parent company of Regal Cinemas Corporation (Regal Cinemas) and its subsidiaries that include Regal Cinemas, Inc. (RCI), Edwards Theatres, Inc. (Edwards), Regal CineMedia Corporation (RCM) and United Arti