Caesars Entertainment stock rises 1.53% but underperforms competitors
Updated
Updated · MarketWatch · Apr 30
Caesars Entertainment stock rises 1.53% but underperforms competitors
8 articles · Updated · MarketWatch · Apr 30
The shares closed at $27.80 in a broadly stronger US market, with the S&P 500 up 1.02% and the Dow Jones Industrial Average up 1.62%.
It was Caesars' second straight daily gain, though Las Vegas Sands rose 1.66% and DraftKings gained 0.78%, while MGM Resorts fell 0.84%.
Caesars ended 11.97% below its 52-week high of $31.58 reached on 10 July, and trading volume of 5.0 million was below its 50-day average of 5.4 million.
Caesars missed earnings despite revenue growth. Can its digital arm outpace its massive debt before it's too late?
Undervalued but deep in debt, will a rumored takeover save Caesars before its financial risks mount?