The recent performance of
Caesars Entertainment (NASDAQ:CZR) has been diverse, receiving varying reactions from various quarters. It posted a
surprising quarterly loss, missing Wall Street estimates. Unexpectedly, the stock jumped to a
six-month high at some point. Multiple investment firms, including Los Angeles Capital Management and Entropy Technologies, invested significantly in the company while others, like Amalgamated Bank, sold off CZR shares. The company has been working on its financial stability through
refinancing and a share buyback initiative. In line with this, a proposed offering of senior notes was announced. Still, the stock showed continuous volatility. Regardless, Caesars Entertainment was hailed as one of the
largest gambling stocks of 2024 and labelled among the
best leisure stocks to buy at the moment. A massive $650M casino resort was opened in Danville, and the World Series of Poker® brand was sold to NSUS Group for $500M. Despite an 11.6% decrease since its last earnings report, some insiders added to their holdings, and CZR's stock received an 'outperform' rating.
Caesars Entertainment CZR News Analytics from Tue, 20 Feb 2024 08:00:00 GMT to Sat, 16 Nov 2024 09:29:32 GMT -
Rating 5
- Innovation -3
- Information 6
- Rumor -2
