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Insider Sale Alert: Caesars Entertainment Inc [CZR] – Is it Time to sell?

Caesars Entertainment Inc’s recently made public that its Director MATHER COURTNEY unloaded Company’s shares for reported $24075.0 on Aug 06 ’24. In the deal valued at $34.74 per share,693 shares were sold. As a result of this transaction, MATHER COURTNEY now holds 37,650 shares worth roughly $1.7 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, Biumi Bonnie bought 1,000 shares. Caesars Entertainment Inc shares valued at $32,455 were divested by the Director at a price of $32.45 per share. As a result of the transaction, Biumi Bonnie now holds 24,228 shares, worth roughly $1.09 million.

Susquehanna downgraded its Caesars Entertainment Inc [CZR] rating to a Negative from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Raymond James’s analysts, who began to cover the stock in late May with a ‘”a Strong buy”‘ rating. JMP Securities started covering the stock on January 09, 2024. It rated CZR as “a Mkt outperform”.

Price Performance Review of CZR

On Friday, Caesars Entertainment Inc [NASDAQ:CZR] saw its stock fall -0.81% to $45.18. Over the last five days, the stock has gained 1.51%. Caesars Entertainment Inc shares have fallen nearly -3.63% since the year began. Nevertheless, the stocks have risen 6.26% over the past one year. While a 52-week high of $50.51 was reached on 01/02/24, a 52-week low of $31.74 was recorded on 05/30/24. SMA at 50 days reached $39.73, while 200 days put it at $39.65.

Levels Of Support And Resistance For CZR Stock

The 24-hour chart illustrates a support level at 44.86, which if violated will result in even more drops to 44.54. On the upside, there is a resistance level at 45.69. A further resistance level may holdings at 46.20. The Relative Strength Index (RSI) on the 14-day chart is 64.15, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.96, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 12.69%. Stochastics %K at 86.35% indicates the stock is a selling.

How much short interest is there in Caesars Entertainment Inc?

A steep rise in short interest was recorded in Caesars Entertainment Inc stocks on 2024-09-30, dropping by -0.98 million shares to a total of 15.23 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 16.21 million shares. There was a decline of -6.44%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on October 12, 2023 when CapitalOne began covering the stock and recommended ‘”an Equal weight”‘ rating along with a $51 price target.

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