Why Monarch Casino & Resort's Stock Is Trading Higher Today


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Monarch Casino & Resort (NASDAQ:MCRI) shares are trading higher on Wednesday, after SunTrust Robinson Humphrey initiated coverage on the stock with a Buy rating and announced a price target of $50 per share.

Monarch Casino & Resort is engaged in providing exceptional services as well as the latest gaming, dining, and hospitality amenities. It owns and operates the Atlantis Casino Resort Spa, a hotel/casino facility in Reno, Nevada, and the Monarch Black Hawk Casino in Black Hawk.

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Monarch Casino & Resort’s shares were trading 4.91% higher at $39.99 at the time of publication Wednesday. The stock has a 52-week high of $57.57 and a 52-week low of $12.83.

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New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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