Caesars Entertainment stock falls 1.21% and underperforms rivals
Updated
Updated · MarketWatch · May 6
Caesars Entertainment stock falls 1.21% and underperforms rivals
10 articles · Updated · MarketWatch · May 6
Shares closed at $27.76 as the S&P 500 rose 1.46% and the Dow gained 1.24% in a broadly positive US market session.
Caesars ended 12.10% below its 52-week high of $31.58 reached on 10 July. Las Vegas Sands rose 1.84%, MGM Resorts added 0.79%, and DraftKings slipped 1.03%.
Trading volume was 2.1 million shares, about 3.0 million below Caesars' 50-day average of 5.1 million, indicating lighter-than-usual investor activity during the decline.
As institutional investors flee, is Caesars' high-leverage strategy a ticking time bomb for anyone still holding the stock?
Rivals are reporting record profits while Caesars is not. Is the company's iconic brand enough to overcome its staggering debt problem?