Redbox (RDBX) Stock and Partner Chicken Soup Top Short Squeeze List
This week’s list of likely short-squeeze stocks is interesting, as Redbox (NASDAQ: RDBX ) sits at the top of market analytics platform Fintel’s weekly leaderboard . But just a few spots below is Chicken Soup for the Soul Entertainment (NASDAQ: CSSE ), the company that recently acquired Redbox. News of the acquisition sent RDBX stock down as retail traders reacted disapprovingly. Although short attention has kept it mostly elevated since, shares are down again today. RDBX stock began the day by slipping, and it hasn’t stopped since. As of this writing, it is down 13% for the day and has shown no signs of a rebound. Meanwhile, though it has been falling, CSSE stock has been slowly trending upward. Despite some early turbulence, it was up 1.3% at one point today. Redbox has been a popular name among short-squeeze speculators since before the deal. Chicken Soup for the Soul Entertainment flew under most experts’ radars until it announced plans to acquire the DVD rental provider. The impact of RDBX stock on CSSE shares merits a closer look.
Redbox (RDBX) Stock and Partner Chicken Soup Top Short Squeeze List
This week’s list of likely short-squeeze stocks is interesting, as Redbox (NASDAQ: RDBX ) sits at the top of market analytics platform Fintel’s weekly leaderboard . But just a few spots below is Chicken Soup for the Soul Entertainment (NASDAQ: CSSE ), the company that recently acquired Redbox. News of the acquisition sent RDBX stock down as retail traders reacted disapprovingly. Although short attention has kept it mostly elevated since, shares are down again today. RDBX stock began the day by slipping, and it hasn’t stopped since. As of this writing, it is down 13% for the day and has shown no signs of a rebound. Meanwhile, though it has been falling, CSSE stock has been slowly trending upward. Despite some early turbulence, it was up 1.3% at one point today. Redbox has been a popular name among short-squeeze speculators since before the deal. Chicken Soup for the Soul Entertainment flew under most experts’ radars until it announced plans to acquire the DVD rental provider. The impact of RDBX stock on CSSE shares merits a closer look.