![]() ![]() ![]() (NASDAQ: MULN) is looking to revolutionize the EV market through its solid-state battery. $RDBX getting more momo/attention now - SD AugMULN StockĪ promising EV manufacturer, Mullen Automotive Inc. Despite the lagging volume, RDBX’s short data shows that its in a good position for a squeeze but presents significant risk to investors given the likely approval of its acquisition deal. RDBX’s current price action seems to be reflecting investors uncertainty leading up to the shareholders vote on August 9th. The RSI is moving up from 39 currently and accumulation is trending down after traders sold their shares when the stock spiked on the 25th. It looks likely that RDBX will break through its support now that the MAs have completed a death cross. ![]() Since then the stock has retested its support at 4.35 and has continued down trending. RDBX Stock Short DataĬurrently trading at $4.36, RDBX saw huge demand on the 25th which pushed the stock up 113%. To stay up to date on the future of RDBX, check out our article on the company. Since the stock surged from around $5 to $15 when CSSE’s acquisition deal was first announced, there could be a run up after the deal is finalized but there will likely be a sell off as investors sell abandon the company leading up to the deal. Some investors are holding out hope that the deal will fall through and a better deal will emerge, pointing to the JetBlue Airways and Spirit Airlines merger deal which came to fruition only after its merger with Frontier Airlines fell through due to the lack of shareholder support.Īs the vote is quickly approaching, RDBX stock could be one of the best Reddit short squeeze stocks to watch in anticipation of the vote. However, the deal must be consummated before the October 31st deadline unless there is an extension. If the deal is approved, Redbox stockholders will own approximately 23.5% of the resulting company. Many shareholders believe that this is an unfair deal since RDBX would be acquired by Chicken Soup in a stock for stock deal which would give Redbox stockholders a fixed exchange ratio of 0.087 class A common stock of CSSE per RDBX share. 52-Week High: $27.22 at its SPAC listingĪlthough the company agreed to be acquired by Chicken Soup For The Soul Entertainment (NASDAQ: CSSE), there will still be a shareholders vote on August 9th on whether the agreement will go through or not.This shows that despite the possible acquisition deal, RDBX stock is still a Reddit short squeeze play to watch thanks to its high short interest. Although the company is being bought out, the stock gained 113% on July 25th on momentum. This acquisition offer was one of the catalysts which triggered RDBX’s over 570% run to $18.20. Now undergoing a digital transformation, RDBX agreed to be acquired by Chicken Soup For The Soul Entertainment – a move that will allow both companies to combine and create a media platform offering premium entertainment at an affordable price. This resulted in mounting short interest which threatened to bankrupt the nostalgic brand and led many to compare the company’s predicament with that of GME stock. While the company became a household name for its DVD rental kiosks, RDBX’s business model is quickly dying out thanks to digital streaming. (NASDAQ: RDBX) became one of the most popular meme stocks after its impressive run from $2.62 to $18.20 which we alerted in our free telegram alerts room. Considering their upcoming catalysts, you may want to add these meme stocks to your watchlist. For this reason, we have compiled a list of Reddit short squeeze stocks that routinely make the ranks for rising short interest. If you want to learn more, then check out our guide to Reddit short squeezes.Īlthough new Reddit short squeeze stocks are emerging all the time, there are a few meme stocks which have stood the test of time and have become short squeeze stocks to watch because of their repeatedly high short interest. While the birth of meme stocks and Reddit short squeezes has made investing in penny stocks that much more volatile, knowing what to look for in short squeeze stocks is the first step to trading them. Since the parabolic runs of GME and AMC, short squeeze stocks have become some of the most popular plays among retail investors. ![]()
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