Traders Buy High Volume of Caesars Entertainment Corp. Put Options (CZR)
Caesars Entertainment Corp. (NYSE:CZR) was the target of some unusual options trading activity on Monday. Stock traders acquired 11,903 put options on the stock, AnalystRatings.Net reports. This is an increase of 131% compared to the typical volume of 5,163 put options.
Shares of Caesars Entertainment Corp. (NYSE:CZR) traded up 1.96% during mid-day trading on Monday, hitting $22.39. The stock had a trading volume of 3,016,535 shares. Caesars Entertainment Corp. has a one year low of $4.52 and a one year high of $26.57. The stock’s 50-day moving average is $22.05 and its 200-day moving average is $16.92. The company’s market cap is $2.828 billion.
Caesars Entertainment Corp. (NYSE:CZR) last released its earnings data on Monday, July 29th. The company reported ($1.69) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($1.57) by $0.12. The company had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.19 billion. During the same quarter in the prior year, the company posted ($1.93) earnings per share. The company’s quarterly revenue was down .3% on a year-over-year basis. On average, analysts predict that Caesars Entertainment Corp. will post $-6.68 earnings per share for the current fiscal year.
Caesars Entertainment Corporation provides casino entertainment services. Its casino entertainment facilities include land-based casinos, riverboat or dockside casinos, managed casinos, combination greyhound racetrack and casino, combination thoroughbred racetrack and casino, and harness racetrack and casino, hotel and convention space, restaurants, and non-gaming entertainment facilities.
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