Somewhat Favorable News Coverage Somewhat Unlikely to Affect Reading International (RDI) Stock Price
News headlines about Reading International (NASDAQ:RDI) have trended somewhat positive on Sunday, Accern reports. Accern scores the sentiment of press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Reading International earned a news sentiment score of 0.14 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 46.2645121670636 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the media stories that may have effected Accern’s scoring:
- Reading International’s (NASDAQ:RDI) Buy Rating Reaffirmed at B. Riley (americanbankingnews.com)
- Edited Transcript of RDI earnings conference call or presentation 10-Aug-17 10:59am GMT (finance.yahoo.com)
- Stanley Black & Decker, Inc. (SWK) Position Increased by Norges Bank Last Quarter (expressnewsline.com)
- Analyzing ILG (IILGV) and Reading International (NASDAQ:RDI) (americanbankingnews.com)
- Reading International Announces Second Quarter 2017 Results (finance.yahoo.com)
Shares of Reading International (NASDAQ RDI) traded down 0.38% on Friday, reaching $15.59. 32,952 shares of the company traded hands. The firm has a 50-day moving average of $15.83 and a 200-day moving average of $15.79. Reading International has a 52-week low of $12.54 and a 52-week high of $17.18. The company has a market capitalization of $359.46 million, a PE ratio of 13.93 and a beta of 1.33.
A number of equities analysts have recently issued reports on the stock. B. Riley restated a “buy” rating and set a $26.50 target price on shares of Reading International in a research report on Friday. Zacks Investment Research upgraded shares of Reading International from a “sell” rating to a “hold” rating in a research report on Tuesday, August 8th. Finally, TheStreet upgraded shares of Reading International from a “c+” rating to a “b” rating in a research report on Friday, June 2nd.
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In other news, insider James J. Cotter, Jr. sold 5,112 shares of the firm’s stock in a transaction dated Friday, June 23rd. The stock was sold at an average price of $15.51, for a total transaction of $79,287.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 26.75% of the stock is currently owned by corporate insiders.
About Reading International
Reading International, Inc (RDI) is engaged in the development, ownership and operation of multiplex cinemas in the United States, Australia, and New Zealand, and the development, ownership and operation of retail and commercial real estate in the United States, Australia and New Zealand. RDI operates through two segments: cinema exhibition and real estate.
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