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Stock Market & Financial Investment News

News Breaks
May 20, 2014
14:36 EDTOUTROuterwall volatility at record low
Outerwall June and July call option implied volatility is at 25, October is at 28; compared to it 26-week average of 35 according to Track Data, suggesting decreasing price movement.
News For OUTR From The Last 14 Days
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November 25, 2014
09:28 EDTOUTROuterwall price target raised to $62 from $49 at B. Riley
B. Riley raised its price target for Outerwall shares to $62 saying the Redbox price hikes represent the high-end of the increases that were being tested. The firm keeps a Neutral rating on shares, however, saying it remains concerned that a price hike will not be able to offset continued rental industry declines.
07:51 EDTOUTROuterwall likely to rise in near-term after price increase, says Pacific Crest
Pacific Crest believes that Outerwall's price increases will significantly boost its cash flow and buyback capacity, causing the stock to rise in the near-term. However, over the longer term the firm thinks the price increase could accelerate the decline in Redbox rentals. It does not recommend owning the shares and keeps an Underperform rating on the shares.
November 24, 2014
20:55 EDTOUTROuterwall boosts Redbox DVD rental price to $1.50
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15:03 EDTOUTROuterwall upgraded to Outperform from Market Perform at Northland
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13:38 EDTOUTROuterwall price hike could meaningfully raise 2015 EPS, says Piper Jaffray
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08:00 EDTOUTROuterwall raises rental prices for Redbox movies and video games
Outerwall announced Redbox daily rental price increases in the U.S. Starting December 2, 2014, the daily rental rate for DVDs will increase from $1.20 to $1.50, and the daily rental rate for a Blu-ray Disc will increase from $1.50 to $2.00. Beginning January 6, 2015, the daily rental rate for video games will increase from $2.00 to $3.00. Outerwall selected the price points after several months of market testing. Due to the timing in the quarter, Outerwall is not revising its fourth quarter 2014 guidance. While the company expects an adverse impact on Redbox rental volume as a result of the national rollout of the price changes, Outerwall believes the price increases, coupled with Redbox's network optimization initiatives, will help offset future declines in the physical rental market. The company expects to provide additional details on the impact of the price increases when it reports its fourth quarter 2014 results and provides 2015 annual guidance on its fourth quarter 2014 earnings call in early February 2015.

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