Michael Douglas reprises his Oscar-worthy roll from the 1987 classic, opposite Shia LaBeouf who plays his estranged daughter's love interest looking to get ahead.
The 3D animated film Legend of the Guardians: The Owls of Ga'Hoole from Zack Snyder, who directed 300 and Watchmen, edged out last week's box office winner to finish in the second spot bringing in $16.3 million.
Teen comedy Easy A also has a solid showing at its second weekend at the box office earning $10.7 million.
Rounding out the top five was Disney's You Again starring Kristen Bell, Jamie Lee Curtis, Sigourney Weaver and the fabulous Betty White. The ensemble cast only brought in $8.3 million.
Next Friday the much anticipated The Social Network enters theaters and may just blow Wall Street: Money Never Sleeps back to the board room.