Regal Entertainment Group RGC was a big mover last session, as the company saw its shares rise more than 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $15.00 to $18.25 in the past one-month time frame.
The move came after the company announced that it is engaged in talks with Cineworld Group plc for a potential merger.
The company has not seen any estimate revisions over the past one month, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Regal Entertainment currently has a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%.
A better-ranked stock in the Leisure and Recreation Services industry is Camping World Holdings, Inc. CWH, which currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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