Las Vegas Sands (LVS) has risen sharply, recording gains of 13.01% in the past 4 weeks. However, the stock has corrected -1.54% 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 10.27% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Las Vegas Sands (NYSE:LVS): The stock opened at $50.39 on Friday but the bulls could not build on the opening and the stock topped out at $50.67 for the day. The stock traded down to $49.76 during the day, due to lack of any buying support eventually closed down at $49.87 with a loss of -0.64% for the day. The stock had closed at $50.19 on the previous day. The total traded volume was 3,198,612 shares.
The stock has recorded a 20-day Moving Average of 4% and the 50-Day Moving Average is 8.02%. Las Vegas Sands Corp. is up 11.34% in the last 3-month period. Year-to-Date the stock performance stands at 17.08%.
Las Vegas Sands (LVS) : The consensus price target for Las Vegas Sands (LVS) is $49.67 for the short term with a standard deviation of $7.44. The most optimist securities analyst among the 12 who monitor the stock believes that the stock can reach $60, however, the pessimist price target for the company is $32.
Las Vegas Sands Corp. (LVSC) is a developer of destination properties that offers accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants and other amenities. The Companys principal operating and developmental activities occur in three geographic areas: Macao, Singapore and the United States. In Macao, its operating segments are The Venetian Macao; Sands Cotai Central; Four Seasons Macao; Sands Macao, and Other Asia (that includes its ferry operations and various other operations). In Singapore, its operating segment is Marina Bay Sands. In the United States, its operating segments are The Venetian Las Vegas, which includes the Sands Expo Center and The Palazzo, and Sands Bethlehem. The Paiza Club located at the Companys properties is an invitation-only club, which offers a range of services and amenities. The Company also offers players club loyalty programs at its properties.