Caesars Entertainment Inc’s recent filing unveils 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 $ 5.79 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 $1.6 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 0.58% to $38.20. Over the last five days, the stock has lost -4.74%. Caesars Entertainment Inc shares have fallen nearly -18.52% since the year began. Nevertheless, the stocks have fallen -14.87% over the past one year. While a 52-week high of $60.27 was reached on 01/02/24, a 52-week low of $37.87 was recorded on 04/19/24. SMA at 50 days reached $41.80, while 200 days put it at $46.51. A total of 2.87 million shares were traded, compared to the trading of 3.32 million shares in the previous session.
Levels Of Support And Resistance For CZR Stock
The 24-hour chart illustrates a support level at 37.84, which if violated will result in even more drops to 37.49. On the upside, there is a resistance level at 38.53. A further resistance level may holdings at 38.86. The Relative Strength Index (RSI) on the 14-day chart is 36.04, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.88, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.38%. Stochastics %K at 2.55% indicates the stock is a buying.
