Melco Crown Entertainment Ltd (MPEL): Today's Featured Leisure Laggard
(
) pushed the Leisure industry lower today making it today's featured Leisure laggard. The industry as a whole closed the day up 0.4%. By the end of trading, Melco Crown Entertainment fell $0.29 (-1.3%) to $22.22 on light volume. Throughout the day, 2,285,168 shares of Melco Crown Entertainment exchanged hands as compared to its average daily volume of 3,746,900 shares. The stock ranged in price between $22.19-$22.94 after having opened the day at $22.61 as compared to the previous trading day's close of $22.51. Other companies within the Leisure industry that declined today were:
(
), down 9.6%,
(
), down 3.5%,
(
), down 3.2% and
(
), down 3.0%.
Melco Crown Entertainment Limited, through its subsidiaries, develops, owns, and operates casino gaming and entertainment resort facilities in Macau. Melco Crown Entertainment has a market cap of $12.1 billion and is part of the services sector. Shares are up 30.3% year to date as of the close of trading on Friday. Currently there are 11 analysts that rate Melco Crown Entertainment a buy, no analysts rate it a sell, and 2 rate it a hold.
TheStreet Ratings rates
Melco Crown Entertainment
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full Melco Crown Entertainment Ratings Report.
On the positive front,
(
), up 8.4%,
(
), up 7.8%,
Asia Entertainment & Resources
(
), up 6.6% and
(
), up 3.9% , were all gainers within the leisure industry with
(
) being today's featured leisure industry leader.
- Use our leisure section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the leisure industry could consider
PowerShares Dynamic Leisure&Entert
(
) while those bearish on the leisure industry could consider
ProShares Ultra Sht Consumer Services
(
).
- Find other investment ideas from our top rated ETFs lists.
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