Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Caesars Entertainment Inc shares valued at $24,075 were sold by MATHER COURTNEY on Aug 06 ’24. At $34.74 per share, MATHER COURTNEY sold 693 shares. The insider’s holdings dropped to 37,650 shares worth approximately $1.28 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, Biumi Bonnie had added 1,000 shares to its account. In a trade valued at $32,455, the Director bought Caesars Entertainment Inc shares for $32.45 each. Upon closing the transaction, the insider’s holdings increased to 1,000 shares, worth approximately $0.82 million.
As published in a research note from Susquehanna on July 15, 2024, Caesars Entertainment Inc [CZR] has been rated down from a Neutral to a Negative and the price target has been revised to $33. Analysts at Raymond James started covering the stock with ‘”a Strong buy”‘ outlook in a report released in late May. Earlier on January 09, 2024, JMP Securities initiated its rating. Their recommendation was “a Mkt outperform” for CZR stock.
Analyzing CZR Stock Performance
During the last five days, there has been a drop of approximately -8.70%. Over the course of the year, Caesars Entertainment Inc shares have dropped approximately -27.73%. 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 $40.19, while a 200-day SMA reached $38.71. Nevertheless, trading volume fell to 5.14 million shares from 3.24 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 32.94, which, if violated, would cause prices to drop to 32.00. In the upper region, resistance lies at 35.70. The next price resistance is at 37.52. RSI (Relative Strength Index) is 28.78 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.76, which suggests the price will decrease in the coming days. Percent R is at 98.95%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
