Regal Entertainment Group (NYSE:RGC)’s obligations on acquisition of Hollywood Theaters - SXE, UNXL

Northern, WI 04/02/2013 (avauncer) - Regal Entertainment Group (NYSE:RGC) (Current $16.78, Up by 0.72%). MKM Partners downgraded the stock from “Buy” to “Neutral”. RGC announced its completion of it previously announced acquisition of Hollywood Theaters, for $191 million in cash and around $47 million of assumed lease obligations. This deal will now increase the total theatres by 43, representing 513 screens to RGC’s portfolio, which will boost RGC’s existence in 16 states and 3 U.S. territories.  The stock has rallied since past three months and has continued to maintain its momentum. It is trading safely above its 50 days moving average of $15.53 and the RSI for the stock is now 75.15, which indicates that the stock is moving into an overbought zone. With a market capitalization of $2.59 billion around 1.58 million shares exchanged hands in its last trading session.

Southern Cross Electrical Engineer Ltd (ASX:SXE) (Current AUD1.37, Up by 0.74%). Barclays downgraded the stock from “Overweight” to “Equal weight” and further reduced its price target from $26 to $22. With a market capitalization of $220.43 million around 381.70 million shares exchanged hands in its last trading session. The 52-week high low range for the stock is $1.02-$1.40. The stock experienced a decline of 19.64% on March 28, and the stock lost about 21.31% in its last two trading session. The stock is now trading below its 50 days moving average of $23.68. With the recent volatility in the stock the RSI for the stock now stands at 25.37, indicating that the stock has slipped into and oversold zone.  The volume increased by about 398.5 percent over its 65-day average volume.

UniPixel Inc (NASDAQ:UNXL) (Current $22.34, Down by 10.93%). With a market capitalization of $ 241.74 million around 2.48 million shares exchanged hands in its last trading session. The stock had shown great momentum since past three months when it experienced a sharp decline with huge volume. The stock is trading above its 50 days moving average of $21.41. The RSI for the stock is 46.46. The is trading 26.25% below its 52-week high of $33.91. The beta of the stock is -0.45.