Coinstar Shares Climbing Higher, Up 2.8%

Published on Mon, 01/28/2013 - 13:17
By Mallory Stone in Market movers, CSTR, coinstar, market movers, nasdaq:cstr

Up 2.8% to $53.50, Coinstar (NASDAQ:CSTR), is one of today's notable movers. The S&P is currently trading fractionally lower to 1,501 and the Dow Jones Industrial Average is trading fractionally lower to 13,886.

Potential upside of 13.0% exists for Coinstar, based on a current level of $53.50 and analysts' average consensus price target of $60.45. The stock should hit resistance at its 200-day moving average (MA) of $53.99, as well as support at its 50-day MA of $49.02.

Over the past year, Coinstar has traded in a range of $40.50 to $71.82 and is now at $53.50, 32% above that low. The 200-day and 50-day moving averages have moved 0.51% lower and 0.49% higher over the past week, respectively.

Coinstar, Inc. is a leading provider of automated retail solutions offering convenient services that make life easier for consumers and drive incremental traffic and revenue for retailers. The company's core automated retail businesses include the well-known redbox self-service DVD rental and Coinstar self-service coin-counting brands. The company has approximately 33,300 DVD kiosks and 18,900 coin-counting kiosks in supermarkets, drug stores, mass merchants, financial institutions, convenience stores, and restaurants.

By Mallory Stone
mstone@fnno.com

Latest News from FNNO

U.S. Steel: 52-Week High Recently Eclips...

U.S. Steel (NYSE:X) traded at a new 52-week high today of $33.19. This new high was re ...

WellPoint Looks to Continue to Trade Abo...

Shares of WellPoint (NYSE:WLP) traded at a new 52-week high today of $116.50. So far t ...

Watch for Continued Gains in Shares of W...

Shares of Westmoreland Coal (AMEX:WLB) traded today at $43.84, breaking its 52-week hig ...

Recent 52-Week Low Surpassed in Shares o...

Shares of UBS (NYSE:UBS) traded at a new 52-week low today of $17.44. Approximately 4. ...

Grupo Televisa Looks to Continue to Trad...

Shares of Grupo Televisa (NYSE:TV) traded today at $36.18, breaking its 52-week high. ...

Shares of Trinity Industries Rise Above ...

Trinity Industries (NYSE:TRN) traded at a new 52-week high today of $47.83. This new h ...

Watch for Continued Gains in Shares of P...

Shares of Post Properties (NYSE:PPS) traded today at $55.82, breaking its 52-week high. ...

Pike Electric: The Losing Streak Continu...

Pike Electric (NYSE:PIKE) traded at a new 52-week low today of $8.10. This new low was ...