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Caesars Entertainment Inc [CZR] Records 200-Day SMA of $41.96

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 $32,455 were purchased by Biumi Bonnie on May 31 ’24. At $32.45 per share, Biumi Bonnie acquired 1,000 shares. The insider’s holdings grew to 24,228 shares worth approximately $0.91 million following the completion of this transaction.

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Also, FAHRENKOPF FRANK J JR sold 10,000 shares, netting a total of over 325,207 in proceeds. Following the sale of shares at $32.52 each, the insider now holds 350 shares.

Before that, Pegram Michael E had added 10,000 shares to its account. In a trade valued at $319,600, the Director bought Caesars Entertainment Inc shares for $31.96 each. Upon closing the transaction, the insider’s holdings increased to 10,000 shares, worth approximately $7.23 million.

As published in their initiating research note from Raymond James on May 21, 2024, Caesars Entertainment Inc [CZR] has been a Strong buy and the price target has been revised to $55. As of January 09, 2024, JMP Securities has initiated its “Mkt outperform” rating for CZR. Earlier on October 12, 2023, CapitalOne initiated its rating. Their recommendation was “an Equal weight” for CZR stock.

Analyzing CZR Stock Performance

During the last five days, there has been a drop of approximately -1.07%. Over the course of the year, Caesars Entertainment Inc shares have dropped approximately -19.50%. Shares of the company reached a 52-week high of $48.57 on 01/02/24 and a 52-week low of $31.74 on 05/30/24. A 50-day SMA is recorded $36.45, while a 200-day SMA reached $41.96. Nevertheless, trading volume fell to 2.46 million shares from 3.54 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 37.20, which, if violated, would cause prices to drop to 36.67. In the upper region, resistance lies at 38.60. The next price resistance is at 39.48. RSI (Relative Strength Index) is 51.82 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.37, which suggests the price will decrease in the coming days. Percent R is at 50.81%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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