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Stock Market & Financial Investment News

News Breaks
July 21, 2014
12:08 EDTRCIIRent-A-Center technical commentary ahead of results
Shares have underperformed the broader averages, trading lower by more than 5% in the last three months. At the current price of $24.15, price is close to the 52-week low at $23.65. On further disappointment in results or outlook tonight, that low could easily be taken out on the downside. Additional support levels to watch as potential downside objectives would be at $22.90, $21.30, and $19.85. If the news comes in better than expected, traders should be aware that over 17% of the float is short. That could provide fuel for a short-squeeze if the fundamentals provide the right catalyst. Resistance levels to be aware of as potential upside objectives on an increasing band of positive surprise are at $25.96, $27.47, $28.53, and $29.26.
News For RCII From The Last 14 Days
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January 23, 2015
08:00 EDTRCIIRent-A-Center price target raised to $41 from $37 at Canaccord
Canaccord raised its price target on Rent-A-Center to $41 from $37 ahead of Q4 results on February 2. The firm believes the company' smartphone penetration has continued at a healthy pace, while its labor model transition and supply chain initiatives will lead to meaningful cost savings. Canaccord reiterated its Buy rating on Rent-A-Center shares.

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