Regal Entertainment Group Rises On Unusually High Volume (RGC)

NEW YORK ( TheStreet) -- Regal Entertainment Group (NYSE: RGC) is trading at unusually high volume Wednesday with 8.6 million shares changing hands. It is currently at 4.1 times its average daily volume and trading up 75 cents (+5.5%) at $14.45 as of 3:40 p.m. ET.

Regal Entertainment Group has a market cap of $1.79 billion and is part of the services sector and media industry. Shares are up 15.3% year to date as of the close of trading on Tuesday.

Regal Entertainment Group, through its subsidiaries, operates a theatre circuit in the United States. The company has a P/E ratio of 52.3, equal to the average media industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Regal Entertainment Group as a hold. Among the primary strengths of the company is its solid financial position based on a variety of debt and liquidity measures that we have evaluated. At the same time, however, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and poor profit margins. You can view the full Regal Entertainment Group Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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