Rent-A-Center (RCII) : Traders are bullish on Rent-A-Center (RCII) as it has outperformed the S&P 500 by a wide margin of 0.71% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.82%, 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 2.79% in the last 1 week, and is up 1.1% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Rent-A-Center, Inc. is up 4.3% in the last 3-month period. Year-to-Date the stock performance stands at -12.87%. The stock has recorded a 20-day Moving Average of 5.43% and the 50-Day Moving Average is 4.43%.
Rent-A-Center (NASDAQ:RCII): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $12.69 and $12.54 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $12.96. The buying momentum continued till the end and the stock did not give up its gains. It closed at $12.89, notching a gain of 0.70% for the day. The total traded volume was 519,566 . The stock had closed at $12.80 on the previous day.
Also, Topeka Capital initiates coverage on Rent-A-Center (NASDAQ:RCII). The current rating of the shares is Buy, according to the research report released by the firm. The brokerage firm announces the price target at $27 per share. The rating by the firm was issued on May 24, 2016.
Rent-A-Center, Inc. is a rent-to-own operator in North America. The Company provides an opportunity to obtain ownership of products, such as consumer electronics, appliances, computers (including tablets and smartphones), furniture and accessories, under rental purchase agreements. The Company operates in four segments: Core U.S., Acceptance Now, Mexico, and Franchising. The Company offers brands, such as LG, Samsung, Sony, Toshiba and Vizio home electronics; Whirlpool appliances; Acer, Apple, Asus, Dell, Hewlett-Packard, Samsung, Sony and Toshiba computers and/or tablets; Samsung and HTC smartphones; and Albany, Ashley, England, Klaussner, Lane, Standard and Welton furniture. Consumer electronic products offered by its stores include high definition televisions and stereos, among others; appliances include refrigerators, freezers, washing machines, dryers and ranges; furniture products include dining room, living room and bedroom furniture and accessories include lamps and tables.