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Rent-A-Center (RCII) Soars: Stock Adds 7.4% in Session

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Rent-A-Center, Inc. was a big mover last session, as the company saw its shares rise over 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $7.65 –$9.22 in the past one-month time frame, witnessed a sharp increase on Friday.

Shares of the company increased following rumors that it is being considered for a buyout by Vintage Capital Management LLC, along with other bidders.

Rent-A-Center has seen five negative estimate revisions in the past two months, while its Zacks Consensus Estimate for the current quarter has also moved lower over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

Rent-A-Center currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESPis 0.00%.

Rent-A-Center, Inc. Price and Consensus

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