Caesars Entertainment Inc’s recently made public that its Director Pegram Michael E acquired Company’s shares for reported $0.62 million on Mar 06 ’24. In the deal valued at $41.45 per share,15,000 shares were bought. As a result of this transaction, Pegram Michael E now holds 151,697 shares worth roughly $6.51 million.
Then, Pegram Michael E bought 15,000 shares, generating $628,562 in total proceeds. Upon buying the shares at $41.90, the Director now owns 136,697 shares.
Before that, Lepori Stephanie sold 33,282 shares. Caesars Entertainment Inc shares valued at $1,720,823 were divested by the CAO & Chief Admin. Officer at a price of $51.70 per share. As a result of the transaction, Lepori Stephanie now holds 41,910 shares, worth roughly $1.8 million.
JMP Securities initiated its Caesars Entertainment Inc [CZR] rating to a Mkt outperform in a research note published on January 09, 2024; the price target was $65. A number of analysts have revised their coverage, including CapitalOne’s analysts, who began to cover the stock in mid October with a ‘”an Equal weight”‘ rating. Susquehanna also remained covering CZR and has increased its forecast on May 25, 2023 with a “Neutral” recommendation from previously “Negative” rating. Stifel maintained its rating on January 24, 2023. It rated CZR as “a Buy”.
Price Performance Review of CZR
On Friday, Caesars Entertainment Inc [NASDAQ:CZR] saw its stock jump 1.37% to $42.91. Over the last five days, the stock has lost -1.90%. Caesars Entertainment Inc shares have fallen nearly -8.47% since the year began. Nevertheless, the stocks have fallen -12.14% over the past one year. While a 52-week high of $60.27 was reached on 01/02/24, a 52-week low of $38.33 was recorded on 03/15/24. SMA at 50 days reached $42.49, while 200 days put it at $46.90. A total of 2.28 million shares were traded, compared to the trading of 3.49 million shares in the previous session.
Levels Of Support And Resistance For CZR Stock
The 24-hour chart illustrates a support level at 42.22, which if violated will result in even more drops to 41.53. On the upside, there is a resistance level at 43.38. A further resistance level may holdings at 43.85. The Relative Strength Index (RSI) on the 14-day chart is 53.15, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.72, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 32.35%. Stochastics %K at 68.50% indicates the stock is a holding.
How much short interest is there in Caesars Entertainment Inc?
A steep rise in short interest was recorded in Caesars Entertainment Inc stocks on Mar 15, 2024, growing by 1.33 million shares to a total of 8.94 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 7.61 million shares. There was a rise of 14.88%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 4.65% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.56.
