Press coverage about Reading International (NASDAQ:RDI) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Reading International earned a coverage optimism score of 0.24 on Accern’s scale. Accern also gave news stories about the company an impact score of 45.5835598355254 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s rankings:
- Reading International, Inc. (RDI) Shares Bought by Wittenberg Investment Management Inc. (americanbankingnews.com)
- Reading International (RDI) Stock Rating Upgraded by Zacks Investment Research (americanbankingnews.com)
- Reading International (RDI) Rating Increased to Sell at BidaskClub (americanbankingnews.com)
- Reading International Announces Trial Court Decision to Appoint Temporary Trustee Ad Litem to Obtain Offers to Purchase RDI Voting Stock in James J. Cotter, Sr., Voting Trust (finance.yahoo.com)
- Zacks: Brokerages Set $28.25 Price Target for Reading International, Inc. (RDI) (americanbankingnews.com)
A number of equities analysts have issued reports on RDI shares. Gabelli started coverage on shares of Reading International in a report on Friday, December 1st. They set a “buy” rating on the stock. BidaskClub downgraded shares of Reading International from a “hold” rating to a “sell” rating in a report on Friday, December 22nd. Finally, Zacks Investment Research raised shares of Reading International from a “sell” rating to a “hold” rating in a report on Tuesday, January 16th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $26.50.
In related news, insider James J. Cotter, Jr. sold 50,000 shares of the business’s stock in a transaction dated Friday, December 22nd. The shares were sold at an average price of $15.98, for a total value of $799,000.00. Following the transaction, the insider now directly owns 373,604 shares of the company’s stock, valued at approximately $5,970,191.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 25.57% of the stock is currently owned by insiders.
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Reading International Company Profile
Reading International, Inc (RDI) is engaged in the development, ownership and operation of multiplex cinemas in the United States, Australia, and New Zealand, and the development, ownership and operation of retail and commercial real estate in the United States, Australia and New Zealand. RDI operates through two segments: cinema exhibition and real estate.
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