Caesars Entertainment (CZR) has seen large
options trading. Analysts identify it as a strong entertainment stock to buy. It has begun buying back shares and has increased
financial stability with recent refinancings. It also celebrated the completion of a $435M transformation of
Caesars New Orleans and the launch of its newest iGaming Platform,
Horseshoe Online Casino.
Principal Financial Group Inc. acquired shares of CZR, and the company tackled debt reduction by closing a $275M LCD promenade sale. Despite expectations for a decline, Q3 earnings were reported. In addition,
Caesars Unveils a major Virginia Resort with a Gordon Ramsay restaurant. It also disclosed
entry into Virginia with a new casino opening, showing geographical expansion.
CZR showed indications of a solid financial position if the share price is to go up. Many major financial entities, including
M&T Bank Corp and
Nomura Asset Management Co. Ltd., have adjusted their stock positions in the company. On the downside, Wall Street estimates were missed for the recent quarter, and the previous year's pace couldn't be matched at Las Vegas and regional properties. Shares in the company also showed unusual options activity. Finally, billionaire
Carl Icahn is rumored to have a sizable stake in Caesars.
Caesars Entertainment CZR News Analytics from Tue, 20 Feb 2024 08:00:00 GMT to Fri, 27 Dec 2024 20:28:33 GMT -
Rating 3
- Innovation 7
- Information 8
- Rumor 4
