The content unveils significant updates on
Caesars Entertainment (CZR). The shares surged 6.49% due to strategic financial maneuvers. Yet, Principal Financial Group sold 70,402 shares. The financial group, ARGA Investment Management LP, increased its holdings, and analyst ratings were mostly positive.
Caesars Sportsbook launched a cross-state digital wallet, and the company considered a public spinoff in the online gambling sector.
Morgan Stanley analysts expect the CZR stock price to increase, backed by digital growth and robust cash flow. The company reported sales below estimates in Q4 earnings, and the Q1 Earnings Call highlighted digital growth and regional recovery offsetting profit shortfall. Despite the strong trading day, CZR stock slid 3.9% this week, accumulating a 44% loss over three years. The news also includes CZR's announcement of two new
independent directors, a $435M transformation of Caesars New Orleans, and a potential Live Dealer Studio at Tropicana. Furthermore, CZR is gearing up for Q1 earnings and is expected to recover from an 8% plunge since the last earnings report. Interesting pieces include David Tepper’s and HG Vora Capital Management's interest in CZR stock, outlining a bullish long-term outlook.
Caesars Entertainment CZR News Analytics from Thu, 29 Aug 2024 07:00:00 GMT to Sat, 12 Jul 2025 05:54:24 GMT -
Rating 5
- Innovation 6
- Information 7
- Rumor -4
