Caesars Entertainment (CZR) Crumbles: Stocks Falls by 7.4% - Tale of the Tape

Loading...
Loading...
Caesars Entertainment Corporation CZR saw a big move last session, as the company's shares fell by over 7% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for CZR, as the stock is now down nearly 23.7% in the past one-month time frame.

Although this slump was obviously disappointing, this company in the Gaming industry has seen 1 positive revision and its current year earnings consensus has moved higher over the past few weeks as well. This suggests that the recent slump might be a temporary blip on the radar for CZR. So make sure to keep an eye on this stock going forward to see if yesterday's price decline is confirmed by more weakness, or if it can rebound in the weeks ahead.

CZR currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Some better-ranked stocks in the same sector include Bally Technologies, Inc. BYI, Melco Crown Entertainment Limited MPEL and MGM Resorts International MGM. All these stocks carry a Zacks Rank #2 (Buy).

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>



BALLY TECH INC BYI: Free Stock Analysis Report

CAESARS ENTERTN CZR: Free Stock Analysis Report

MGM RESORTS INT MGM: Free Stock Analysis Report

MELCO CROWN ENT MPEL: Free Stock Analysis Report

To read this article on Zacks.com click here.
Loading...
Loading...
Market News and Data brought to you by Benzinga APIs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...