Caesars Entertainment Inc. (CZR) Plunges 6.33% on October 27

Equities Staff  |

Caesars Entertainment Inc. (CZR) had a rough trading day for Tuesday October 27 as shares tumbled 6.33%, or a loss of $-3.275 per share, to close at $48.49. After opening the day at $52.04, shares of Caesars Entertainment Inc. traded as high as $52.76 and as low as $46.87. Volume was 4.47 million shares over 40,039 trades, against an average daily volume of n/a shares and a total float of 204.08 million.

As a result of the decline, Caesars Entertainment Inc. now has a market cap of $9.89 billion. In the last year, shares of Caesars Entertainment Inc. have traded between a range of $60.09 and $3.23, and its 50-day SMA is currently $n/a and 200-day SMA is $n/a.

For a complete fundamental analysis of Caesars Entertainment Inc., check out Equities.com’s Stock Valuation Analysis report for CZR.

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Caesars Entertainment Includes 53 domestic gaming properties (before Indiana property divestures planned for late 2020/early 2021) across Las Vegas (45% of 2021 estimated EBITDAR, before synergies) and regional (55%) markets. Additionally, the company hosts 13 international properties, which generate near breakeven EBITDAR. Caesars' U.S. presence roughly doubled with the 2020 completed acquisition by Eldorado, which built its first casino in Reno, Nevada, in 1973 and expanded its presence through prior acquisitions to over 20 properties before merging with legacy Caesars. Caesars' brands include Caesars, Harrah's, Tropicana, Bally's, Isle, and Flamingo. Also, the company partners with William Hill to provide sports betting.

Caesars Entertainment Inc. is based out of Reno, NV and has some 15,500 employees. Its CEO is Thomas R. Reeg.

Caesars Entertainment Inc. is a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

To get more information on Caesars Entertainment Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: CZR’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.



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