Redbox (RDBX) Stock Rockets 90% Higher in Major Squeeze Redbox Entertainment (NASDAQ: RDBX ) stock is doubling in late morning trading today. The rally in RDBX stock is likely being driven by many investors’ belief that a short squeeze of the name will continue. That speculation was sparked by Chicken Soup for the Soul Entertainment’s (NASDAQ: CSSE ) acquisition of Redbox. The deal was announced on May 11, and RDBX stock has been very volatile since. The stock changed hands for more than $15 on June 13 before tumbling to around $3 last week. At the beginning of the year, the shares were worth about $7.50. What’s Happening With RDBX Stock Chicken Soup said it would provide Redbox shareholders with 0.087 of a share of class A CSSE common stock for every share of RDBX stock they own. So far today, Chicken Soup has climbed by more than 6% to about $9.66 per share. Chicken Soup is a conglomerate that owns several companies, including streaming service Crackle. It describes the subsidiary and its other, similar services as “advertising-supported video-on-demand (AVOD) networks.” Meanwhile, Redbox owns and operates kiosks from which consumers can rent movies.