RDBX Stock Forecast: Redbox Entertainment sinks further as trading volume evaporates

NASDAQ:RDBX fell by 3.41% during Tuesday’s trading session.
Retail traders might have already moved on from Redbox.
Netflix sees a price downgrade but some hope from a Stifel analyst.

Stocks Reporter FXStreet

NASDAQ:RDBX started the shortened Juneteenth week on the back foot as the latest meme stock extended its declines from the previous week. On Tuesday, shares of RDBX dropped by a further 3.41% and closed the trading session at $11.60. After peaking at an all-time high price of $27.22, Redbox has seen essentially a straight decline back to its current price levels. The stock certainly has more room to fall with a 52-week low price of $1.61.

Stay up to speed with hot stocks' news!

Stocks kicked off the week in the green as all three major indices recovered on Tuesday from the worst overall performance since 2020. The Dow Jones added 641 basis points, while the S&P 500 and NASDAQ rose by 2.45% and 2.51% respectively during the session.

With nearly half the daily trading volume on Tuesday, Redbox might already have fallen out of favor with meme stock traders. The ticker is no longer trending on social media or on discussion boards like r/WallStreetBets, even though the stock’s short interest still sits at 103.5% according to Fintel. It could be that the retail traders have already squeezed what they could out of Redbox and are moving on to their next target.

Redbox stock price

Struggling streaming company Netflix (NASDAQ:NFLX) received some positive news from a Stifel analyst on Tuesday. Although Stifel dropped its 12-month price target for NFLX from $300 to $240, Scott Devitt stated that the risk-reward profile for the stock at its current price levels is more attractive. Devitt reiterated his Hold rating for the stock though, and wants to see further updates from the ad-support and password-sharing plans.

Like this article? Help us with some feedback by answering this survey:

Author

Stocks Reporter

FXStreet

AUD/USD bounces back toward 0.6950 on fresh USD supply

AUD/USD bounces back toward 0.6950 in the Asian session on Friday. The US Dollar retreats from 17-month highs as traders take profits off the table ahead of the all-important US Nonfarm Payrolls report. Meanwhile, the Australian Dollar draws support from reviving expectations of a November interest rate hike amid elevated global yields and inflation risks.

USD/JPY struggles near 158.00 as USD retreats ahead of NFP

USD/JPY is struggling for fresh impetus near 158.00, moving away from the top end of its weekly range in the Asian session on Friday, after hotter-than-expected Tokyo CPI and amid a broad US Dollar retreat. Traders reposition themselves ahead of US Nonfarm Payrolls.

Gold fades the earlier optimism; back below $4,200

Gold could not sustain the post-NFP bull run past the $4,200 mark per troy ounce, receding toward the $4,180 region at the end of the week. The precious metal’s inconclusive price action comes amid fresh selling pressure hurting the US Dollar as investors assess the latest NFP data.

Crypto Today: Bitcoin, Ethereum and XRP gains reinforce bullish outlook

Cryptocurrency prices are broadly recovering on Friday, led by Bitcoin moving above $86,000. Ethereum has reaffirmed its bullish outlook, rising above $2,700 while the immediate area at $2,800 caps upside. Meanwhile, Ripple hovers near $1.54.

Week ahead – Fed minutes in the spotlight amid bond market rout

Energy crisis and soaring bond yields to stay in driver’s seat in quiet week. Fed minutes eyed after drop in October rate hike bets. ISM services PMI and Treasury auctions to be watched too. Canadian employment, Japanese wages and ECB minutes also on tap.

The Euro is near a one-year low: Inflation could trigger its rebound, not its fall

EUR/USD has fallen to its lowest level since May 2025. The pair hit 1.1312 on Wednesday and trades well below the January peak of 1.2082. The decline reflects a powerful combination of US Dollar strength, geopolitical uncertainty and renewed concerns about Europe's exposure to higher energy prices.