![]() Market holidays and trading hours provided by Copp Clark Limited. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. Your CNN account Log in to your CNN account The Redbox squeeze may have been fun while it lasted, but make no mistake: the company is not the next Netflix or Disney. The stock fell more than 10% Thursday to around $9 and is now down about 40% from a recent high of just under $15 a share in mid-June. The problem with short squeezes is that they rarely last long. (That same acronym was used to tout GameStop and AMC too.) There’s even the now obligatory reference to Redbox as a MOASS –- Mother of All Short Squeezes. Some fans on Reddit are predicting wildly higher prices for Redbox. But if the price goes up, the shorts can lose a lot of money. That’s because short sellers borrow shares and then sell them with the hopes of buying them back at a lower price before returning them. When a heavily shorted stock rises, that inflicts more pain on short sellers. Netflix made this 1985 single top the charts againĪ quick look at the RDBX subreddit shows that there the company is getting support from individual investors who are buying the stock in order to “squeeze” the shorts. (CSSE), the owner of the Crackle streaming service. Redbox is now planning to merge again, this time with the oddly named video on demand media company Chicken Soup for the Soul Outerwall also owned change-counting kiosk Coinstar, another retail relic. (APO), which took Redbox’s parent company Outerwall private in 2016. The company was previously owned by private equity giant Apollo Global Management Redbox went public through a merger with a blank-check special purpose acquisition company (SPAC) in October. So why is Redbox thriving? It’s a bit complicated. And consumers may be cutting back on non-essential monthly subscriptions as recession fears grow. If you don’t pick up your reservation, you’ll still be charged for one night's rental because the disc will still be taken out of circulation for other customers. Follow the instructions on the checkout page. Now there is concern that there are too many streamers chasing too few customers. Scroll through the movies at then select Rent Now. Discovery, which has both HBO Max and Discovery+, have fallen sharply in 2022 as well. ![]() Other media companies with streaming services, including Paramount Global, Peacock owner Comcast ![]() (DIS)+ streaming service, is down 40%, making it the biggest dog of the Dow. (DIS), which has its own the vaunted Disney That’s in stark contrast to the 70% plunge for Netflix, the worst stock in the S&P 500. Shares of Redbox are up more than 20% this year, about 55% in the past month and nearly 200% in the past three months. And the company’s stock is somewhat inexplicably one of the hottest on Wall Street, even as Netflix The rise of Netflix and other streaming services pretty much killed that business though.īut Redbox is back. Rotten Less than 60% of reviews for a movie or TV show are positive.It wasn’t too long ago when some movie fans found that the easiest and cheapest way to watch movies in a post- Blockbuster world was to rent DVDs from Redbox kiosks at the drug store and other retailers. Fresh At least 60% of reviews for a movie or TV show are positive. Apply Tomatometer ® Clear all Close Certified Fresh A special distinction awarded to the best reviewed movies and TV Shows. Rotten Less than 60% of reviews for a movie or TV show are positive. Sort Close Most popular Newest A → Z Tomatometer ® (highest) Tomatometer ® (lowest) Audience score (highest) Audience score (lowest) Genre Clear all Close Action Adventure Animation Anime Biography Comedy Crime Documentary Drama Entertainment Faith & Spirituality Fantasy Game Show LGBTQ+ Health & Wellness History Holiday Horror House & Garden Kids & Family Music Musical Mystery & Thriller Nature News Reality Romance Sci-Fi Short Soap Special Interest Sports Stand-Up Talk Show Travel Variety War Western Apply Rating Clear all Close G PG PG-13 R NC-17 Not rated Unrated Apply Audience score Clear all Close Fresh At least 60% of reviews for a movie or TV show are positive. Sort Genre Rating Audience score Tomatometer ® Certified Fresh ![]()
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