Regal Entertainment Group (RGC) : Traders are bullish on Regal Entertainment Group (RGC) as it has outperformed the S&P 500 by a margin of 7.09% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.6%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.23% in the last 1 week, and is up 14.33% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Regal Entertainment Group (NYSE:RGC): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $23.19 and $23.18 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $23.64. The buying momentum continued till the end and the stock did not give up its gains. It closed at $23.62, notching a gain of 1.50% for the day. The total traded volume was 871,133 . The stock had closed at $23.27 on the previous day.
The stock has recorded a 20-day Moving Average of 6.99% and the 50-Day Moving Average is 11.77%. Regal Entertainment Group is up 13.18% in the last 3-month period. Year-to-Date the stock performance stands at 27.91%.
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