RealD Shares Popped: What You Need to Know
Editor's note: A RealD article from an earlier date was inadvertently published in place of today's article. The corrected version follows.
Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: After suffering staggering loss after staggering loss, RealD (NYS: RLD) investors finally got a rally when Oscar-winning director Martin Scorsese told Deadline Hollywood he would prefer to shoot all future films in 3-D. Endorsements don't come much bigger.
So what: RealD has taken a beating this year as Hollywood blockbusters have failed to produce nearly as much in 3-D sales as expected. New data says that may be changing. Scorsese's newest, a 3-D children 's epic called Hugo, beat weekend expectations.
Now what: RealD's 13% pop became an 11% gain by the closing bell, a nice change for a stock that's down more than 60% year to date. Do you believe the rally can continue from here? Or are more down days ahead? Please weigh in using the comments box below.
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