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Redbox Entertainment Stock Surges 43%

Shares of Redbox Entertainment Inc. (RDBX) are gaining over 43% on Monday morning.

RDBX is currently trading at $8.57, up $2.59 or 43.31%, on the Nasdaq, on a volume of 85.6 million shares, above average volume of 5 million shares. The stock opened its trading at $6.84 after closing Friday's trading at $5.98. The stock has traded between $1.61 and $27.22.

Redbox Entertainment operates a network of self-service kiosks in the United States. It operates a network of approximately 38,000 self-service kiosks, where consumers could rent or purchase new-release DVDs and Blu-ray Discs.

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