Somewhat Positive News Coverage Somewhat Unlikely to Affect Reading International (RDI) Share Price
Media coverage about Reading International (NASDAQ:RDI) has been trending somewhat positive recently, Accern reports. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Reading International earned a coverage optimism score of 0.15 on Accern’s scale. Accern also gave news headlines about the company an impact score of 46.6408952827788 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news headlines that may have impacted Accern’s analysis:
- Reading International : to Participate at the 6th Annual Liolios Gateway Conference (4-traders.com)
- Reading International to Participate at the 6th Annual Liolios Gateway Conference (finance.yahoo.com)
- Comparing MakeMyTrip Limited (MMYT) and Reading International (RDI) (americanbankingnews.com)
- Contrasting MakeMyTrip Limited (MMYT) and Reading International (RDI) (americanbankingnews.com)
- Reading International : Announces Date of 2017 Annual Meeting of Stockholders (4-traders.com)
Several research firms recently commented on RDI. B. Riley reaffirmed a “buy” rating and set a $26.50 target price on shares of Reading International in a research note on Wednesday, August 16th. TheStreet raised Reading International from a “c+” rating to a “b” rating in a research note on Friday, June 2nd. Finally, Zacks Investment Research upgraded Reading International from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th.
Shares of Reading International (NASDAQ RDI) traded up 0.13% on Thursday, reaching $15.76. The company’s stock had a trading volume of 54,858 shares. The company has a market cap of $363.38 million, a P/E ratio of 14.08 and a beta of 1.33. The company’s 50 day moving average price is $15.77 and its 200 day moving average price is $15.73. Reading International has a 12-month low of $12.54 and a 12-month high of $17.18.
In other Reading International news, insider James J. Cotter, Jr. sold 9,888 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $15.62, for a total transaction of $154,450.56. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider James J. Cotter, Jr. sold 5,112 shares of the company’s stock in a transaction that occurred on Friday, June 23rd. The stock was sold at an average price of $15.51, for a total value of $79,287.12. The disclosure for this sale can be found here. 26.75% of the stock is owned by insiders.
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Reading International Company Profile
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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