Caesars Acquisition Company (CACQ) was one of the best performers amongst all companies listed in the services sector on the NYSE and NASDAQ exchanges during trading on September 21, climbing 4.08% to wrap the day at $12.0 after closing the day prior at $11.53. Throughout the trading session, shares of CACQ rose as high as $12.01 and dipped as low as $11.14. Today’s advance came with about 104,323 shares changing hands, compared to an average 30-day volume of 119,295 for Caesars Acquisition Company. The price is currently below the 30-day volume weighted average price of $11.79 for CACQ.
The share appreciation today gives the company a market capitalization of $1.58 billion based upon 137.42 million shares outstanding. It also means that CACQ has a price-to-book ratio of 1.46:1.
In the past 52 weeks, shares of CACQ have traded as low as $4.48 and as high as $12.93. Technical traders will take note that at $12.0, shares of CACQ are trading above their 200-day MA at $8.45 and above their 50-day MA at $11.41. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.
Who is CACQ?
Caesars Acquisition Co owns, operates and manages casino entertainment facilities and operates its resorts under the Caesars, Harrah's, & Horseshoe brand names. It operates in two segments; Interactive Entertainment; and Casino Properties & Development. The company’s employees are led by CEO Mitchell A. Garber from the corporate headquarters at One Caesars Palace Drive in Las Vegas, NV.
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