The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Caesars Entertainment Inc shares valued at $621,750 were purchased by Pegram Michael E on Mar 06 ’24. At $41.45 per share, Pegram Michael E acquired 15,000 shares. The insider’s holdings grew to 151,697 shares worth approximately $5.84 million following the completion of this transaction.
Also, Pegram Michael E purchased 15,000 shares, netting a total of over 628,562 in proceeds. Following the buying of shares at $41.90 each, the insider now holds 136,697 shares.
Before that, Lepori Stephanie had sold 33,282 shares from its account. In a trade valued at $1,720,823, the CAO & Chief Admin. Officer traded Caesars Entertainment Inc shares for $51.70 each. Upon closing the transaction, the insider’s holdings decreased to 33,282 shares, worth approximately $1.61 million.
As published in their initiating research note from JMP Securities on January 09, 2024, Caesars Entertainment Inc [CZR] has been a Mkt outperform and the price target has been revised to $65. Analysts at CapitalOne started covering the stock with ‘”an Equal weight”‘ outlook in a report released in mid October. As of May 25, 2023, Susquehanna has increased its “Negative” rating to a “Neutral” for CZR. Earlier on January 24, 2023, Stifel resumed its rating. Their recommendation was “a Buy” for CZR stock.
Analyzing CZR Stock Performance
During the last five days, there has been a drop of approximately -7.18%. Over the course of the year, Caesars Entertainment Inc shares have dropped approximately -17.83%. Shares of the company reached a 52-week high of $48.57 on 01/02/24 and a 52-week low of $38.49 on 04/17/24. A 50-day SMA is recorded $42.01, while a 200-day SMA reached $46.63. Nevertheless, trading volume fell to 2.96 million shares from 3.49 million shares the previous day.
Support And Resistance Levels for Caesars Entertainment Inc (CZR)
According to the 24-hour chart, there is a support level at 38.07, which, if violated, would cause prices to drop to 37.62. In the upper region, resistance lies at 39.40. The next price resistance is at 40.27. RSI (Relative Strength Index) is 36.41 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.49, which suggests the price will decrease in the coming days. Percent R is at 99.60%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
