Caesars Entertainment (CZR) Marked As A Dead Cat Bounce Stock

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Trade-Ideas LLC identified Caesars Entertainment ( CZR) as a "dead cat bounce" (down big yesterday but up big today) candidate. In addition to specific proprietary factors, Trade-Ideas identified Caesars Entertainment as such a stock due to the following factors:

  • CZR has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $18.4 million.
  • CZR has traded 70,859 shares today.
  • CZR is up 3.1% today.
  • CZR was down 9.5% yesterday.

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More details on CZR:

Caesars Entertainment Corporation owns, operates, or manages casino entertainment facilities. Its casino entertainment facilities include land-based casinos, riverboat or dockside casinos, and managed casinos, as well as casinos combined with a thoroughbred racetrack and a harness racetrack. Currently there are no analysts that rate Caesars Entertainment a buy, 3 analysts rate it a sell, and 1 rates it a hold.

The average volume for Caesars Entertainment has been 843,700 shares per day over the past 30 days. Caesars Entertainment has a market cap of $2.0 billion and is part of the services sector and leisure industry. The stock has a beta of 0.78 and a short float of 19.9% with 8.29 days to cover. Shares are down 34.8% year-to-date as of the close of trading on Tuesday.

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