Redbox Entertainment Stock Gains 17%

Shares of Redbox Entertainment Inc. (RDBX) are gaining over 17% on Monday morning, as the meme stock's volatility continues.

RDBX is currently trading at $5.13, up $0.77 or 17.64%, on the Nasdaq. The stock opened its trading at $4.71 after closing Friday's trading at $4.36.

The stock has posted several large ups and downs since the May 11 news of a sale to Chicken Soup for the Soul Entertainment Inc.

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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