Caesars Entertainment Corporation (CZR) was a big mover last session, as the company saw its shares rise nearly 21% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $9.39 to $13.67 in the past one-month time frame.
None of the estimates for this gaming industry stock were revised over the past 30 days. However, the Zacks Consensus Estimate moved down over the same time frame, signaling trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s move higher lasts.
Caesars Entertainment has a Zacks Rank #3 (Hold), while its Earnings ESP is positive.
Investors interested in the sector may also consider stocks like Monarch Casino & Resort Inc. (MCRI) and Penn National Gaming Inc. (PENN), carrying a Zacks Rank #2 (Buy). One other stock worth considering in the wider consumer discretionary sector is Activision Blizzard, Inc. (ATVI), also with a Zacks Rank #2.
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