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


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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).

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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

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Investing Ideas , Stocks
More Headlines for: BYI , CZR , MGM , MPEL

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