Stock Investors Bid Up Shares of Coinstar, Up 2.5%

Published on Wed, 04/10/2013 - 12:25
By Robert Cotter in Market movers, CSTR, coinstar, market movers, nasdaq:cstr

Coinstar (NASDAQ:CSTR), a company whose shares are moving quickly, is trading 2.5% higher to $58.00. The Dow Jones Industrial Average is now trading 1.0% higher to 14,825 and the S&P is trading 1.3% higher to 1,588.

Coinstar share prices have moved between a 52-week high of $71.82 and a 52-week low of $40.50 and are now trading 43% above that low price at $58.00 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 0.7%.

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.

Coinstar (NASDAQ:CSTR) has potential upside of 3.3% based on a current price of $58.00 and analysts' consensus price target of $59.89. Coinstar shares have support at the 50-day moving average (MA) of $53.84 and additional support at the 200-day MA of $51.91.

By Robert Cotter
rcotter@fnno.com

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