Archon (OTCMKTS:ARHN) Trading 14.3% Higher – Here’s What Happened

Shares of Archon Corp. (OTCMKTS:ARHNGet Free Report) traded up 14.3% on Thursday . The company traded as high as $8.00 and last traded at $8.00. 300 shares traded hands during mid-day trading, an increase of 2,900% from the average session volume of 10 shares. The stock had previously closed at $7.00.

Archon Stock Performance

The business’s 50 day simple moving average is $7.90 and its 200-day simple moving average is $11.50.

Archon Company Profile

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Archon Corporation, through its subsidiary, Pioneer Hotel Inc, engages in the ownership, management, and operation of casinos and hotels in the United States. It operates the Pioneer Hotel & Gambling Hall (the Pioneer) in Laughlin, Nevada that consists of a casino. The company also owns real estate properties on Las Vegas Boulevard South in Las Vegas, Nevada; and rental properties that include commercial office space in Dorchester, Massachusetts. Archon Corporation was founded in 1991 and is based in Laughlin, Nevada.

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