Caesars Entertainment Inc’s recent filing unveils that its Director Biumi Bonnie acquired Company’s shares for reported $32455.0 on May 31 ’24. In the deal valued at $32.45 per share,1,000 shares were bought. As a result of this transaction, Biumi Bonnie now holds 24,228 shares worth roughly $0.96 million.
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Then, FAHRENKOPF FRANK J JR sold 10,000 shares, generating $325,207 in total proceeds. Upon selling the shares at $32.52, the Director now owns 350 shares.
Before that, Pegram Michael E bought 10,000 shares. Caesars Entertainment Inc shares valued at $319,600 were divested by the Director at a price of $31.96 per share. As a result of the transaction, Pegram Michael E now holds 191,697 shares, worth roughly $7.62 million.
Raymond James initiated its Caesars Entertainment Inc [CZR] rating to a Strong buy in a research note published on May 21, 2024; the price target was $55. JMP Securities began covering CZR with “Mkt outperform” recommendation on January 09, 2024. CapitalOne started covering the stock on October 12, 2023. It rated CZR as “an Equal weight”.
Price Performance Review of CZR
On Friday, Caesars Entertainment Inc [NASDAQ:CZR] saw its stock jump 1.82% to $39.74. Over the last five days, the stock has gained 1.48%. Caesars Entertainment Inc shares have fallen nearly -15.23% since the year began. Nevertheless, the stocks have fallen -17.33% over the past one year. While a 52-week high of $60.27 was reached on 01/02/24, a 52-week low of $31.74 was recorded on 05/30/24. SMA at 50 days reached $36.49, while 200 days put it at $42.19. A total of 6.61 million shares were traded, compared to the trading of 9.15 million shares in the previous session.
Levels Of Support And Resistance For CZR Stock
The 24-hour chart illustrates a support level at 39.11, which if violated will result in even more drops to 38.48. On the upside, there is a resistance level at 40.30. A further resistance level may holdings at 40.86. The Relative Strength Index (RSI) on the 14-day chart is 62.10, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.08, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 9.96%. Stochastics%K at 80.28% indicates the stock is a selling.
