Home / Market Movers / Services Sector Gets a Lift from 9.75% Morning Gain for Caesars Entertainment Corporation (CZR) on September 22

Services Sector Gets a Lift from 9.75% Morning Gain for Caesars Entertainment Corporation (CZR) on September 22

Caesars Entertainment Corporation (CZR) has been one of the best performers amongst all NYSE and NASDAQ listed stocks in the services sector during morning trading on September 22. At the lunch break, shares of CZR have tacked on 9.75% to $8.89 after closing the day prior at $8.1. In the first two and a half hours of trading, the stock has gone as high as $8.91 and as low as $8.14. Today’s rise has come with about 1.19 million shares changing hands, compared to an average 30-day volume of 1.06 million for Caesars Entertainment Corporation. The price is currently below the 30-day volume weighted average price of $8.65 for CZR.

The share appreciation gives the company a market capitalization of $1.19 billion based upon 146.92 million shares outstanding. It also means that CZR has a price-to-book ratio of 1.49:1.

In the past 52 weeks, shares of CZR have traded as low as $5.39 and as high as $9.64. Technical traders will take note that at $8.89, shares of CZR are trading above their 200-day MA at $7.22 and above their 50-day MA at $7.07. 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 CZR?

Caesars Entertainment Corp along with its subsidiaries is engaged in providing casino-entertainment and hospitality services. Its facilities include gaming offerings, food & beverage outlets, hotel & convention space, and non-gaming entertainment options. The company’s 33000 employees are led by CEO Mark P. Frissora from the corporate headquarters at One Caesars Palace Drive in Las Vegas, NV.

For more information on CZR and other companies trading on the major exchanges, as well as the over the counter markets, or to be considered for contributing content for our distribution network, visit FinancialPress.com today.

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