Caesars Entertainment (CZR) has recently witnessed
decreased stakes from Amalgamated Bank, Van ECK Associates Corp, and New York Life Investment Management LLC. Nonetheless, notable
insider trading activity includes an insider purchasing shares worth $1.5 Million and Director Michael E. Pegram buying 40,000 shares. CZR has also seen instances of investment firms boosting their stake, such as Victory Capital Management Inc. and National Bank of Canada FI.
Performance-wise, CZR missed Q4 Sales Targets, Q2 Earnings Estimates, and Q1 2024 Earnings missed on both Revenue and Net Loss Projections, resulting in share price revisions by analysts. However, they did report growth in annual revenue and a Q4 loss. The stock fell 2.5% since the last earnings report. Interestingly, CZR also inked a partnership with Fiesta Bowl and unveiled a Sportsbook App in Kentucky. Its online casino upgrades app features unique functionality. However,
balance sheet concerns, unfavorable sports outcomes, and cyber-attacks were setbacks for CZR.
Caesars Entertainment CZR News Analytics from Fri, 04 Aug 2023 07:00:00 GMT to Sun, 12 May 2024 14:33:34 GMT -
Rating -3
- Innovation -2
- Information 2
- Rumor -2
