Las Vegas Sands stock rises and outperforms market
Updated
Updated · MarketWatch · Apr 30
Las Vegas Sands stock rises and outperforms market
9 articles · Updated · MarketWatch · Apr 30
Shares gained 1.66% to $54.61 on Thursday, beating a broader rally as the S&P 500 rose 1.02% and the Dow climbed 1.62%.
The advance ended a two-day losing streak for the casino operator's stock during a broadly favourable session for US equities.
Even after the gain, Las Vegas Sands closed 22.49% below its 52-week high of $70.45, while trading volume of 4.5 million topped its 50-day average of 4.0 million.
Why are analysts bullish on LVS stock when its growth is projected to significantly lag the industry?
Can LVS's multi-billion dollar non-gaming bet secure its dominance against emerging Asian competitors?
Is LVS prioritizing short-term stock price with buybacks over sustainable long-term growth?