Caesars Entertainment ( (CZR) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Caesars Entertainment’s stock took a hit due to a decline in its Las Vegas segment, which suffered from lower visitor numbers, negatively affecting EBITDA. Despite overall Q3 revenue slightly surpassing expectations at $2.9 billion, the mixed performance led analysts to lower their price targets, anticipating further market volatility.
More about Caesars Entertainment
YTD Price Performance: -30.81%
Average Trading Volume: 7,723,921
Technical Sentiment Signal: Sell
Current Market Cap: $4.62B
For further insights into CZR stock on TipRanks’ Stock Analysis page.
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