Caesars Entertainment has been the focus of numerous recent trading activities, including an insider buying $1.5M worth of shares and Victory Capital Management acquiring additional shares. The stock has faced appraisal from value investors and noted a surge in smart money investment in CZR options. Despite a bearish Q1 with Caesars missing both revenue and net loss projections, showing a strained balance sheet, the Robust Occupancy aided the company while some concerns were caused by unfavorable weather conditions and Q1 earnings also lagging estimates. Caesars Entertainment's digital presence has expanded further with a new first-of-its-kind functionality introduced in their online casino app and the unveiling of their Sportsbook app in Kentucky. Moreover, the company has ventured into a partnership with the Fiesta Bowl and Rick Bayless. However, a 52-week low was hit after an analyst downgrade. Experts advise retaining Caesars Entertainment stock and attributing some of the forecasted growth to its focus on digital profitability.
Caesars Entertainment CZR News Analytics from Fri, 04 Aug 2023 07:00:00 GMT to Wed, 08 May 2024 15:03:12 GMT -
Rating -1
- Innovation 0
- Information 3
- Rumor -5
