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 $6.08 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 $1.68 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 fall -5.02% to $40.10. Over the last five days, the stock has lost -6.55%. Caesars Entertainment Inc shares have fallen nearly -14.46% since the year began. Nevertheless, the stocks have fallen -9.11% 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 $42.25, while 200 days put it at $46.78. A total of 5.03 million shares were traded, compared to the trading of 2.59 million shares in the previous session.
Levels Of Support And Resistance For CZR Stock
The 24-hour chart illustrates a support level at 39.36, which if violated will result in even more drops to 38.62. On the upside, there is a resistance level at 41.31. A further resistance level may holdings at 42.52. The Relative Strength Index (RSI) on the 14-day chart is 41.43, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.30, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.42%. Stochastics %K at 19.87% indicates the stock is a buying.
