Caesars Entertainment Corporation (CZR) Shares are Down -21.91%

Caesars Entertainment Corporation (CZR) has risen sharply, recording gains of 21.14% in the past 4 weeks. However, the stock has corrected -21.91% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 21.79% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.

The stock has recorded a 20-day Moving Average of 2.92% and the 50-Day Moving Average is 2.48%.The 200 Day SMA reached 2.77%

Caesars

Caesars Entertainment Corporation (NASDAQ:CZR): After opening at $7.45, the stock dipped to an intraday low of $7.371 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $7.52 and the buying power remained strong till the end. The stock closed at $7.45 for the day, a gain of 0.68% for the day session. The total traded volume was 2,115,236. The stocks close on the previous trading day was $7.45.

Caesars Entertainment Corporation (Caesars) is a holding and casino-entertainment and hospitality services company. The Companys facilities include gaming offerings, food and beverage outlets, hotel and convention space, and non-gaming entertainment options. Its business operations include Caesars Entertainment Resort Properties; Caesars Growth Partners Casino Properties and Developments; Caesars Interactive Entertainment and Caesars Entertainment Operating Company. In addition to brick and mortar assets, it operates an online gaming business that provides social and mobile offerings. Its subsidiaries include Caesars Entertainment Resort Properties, LLC, Caesars Growth Partners, LLC, Caesars Entertainment Operating Company, Inc. and Caesars Enterprise Services, LLC. It operates under the Harrahs, Caesars and Horseshoe brand names. Through its consolidated entities it owned and operated or managed over 49 casinos in approximately 14 states of the United States and over five countries.

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