Iao Kun Group Holding Company Limited (IKGH) was a big mover last session, as the company saw its shares surge over 15% on the day. Shares rallied after the company announces rolling chip turnover of US$0.68 billion for May 2015. The news led to far more shares changing hands than in a normal session resulting in solid volume. This reverses the recent trend of the company, as the stock is now trading above the volatile price range of $1.55 to $1.88 in the past one-month time frame.
None of the estimates for this gaming stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Iao Kun Group currently carries a Zacks Rank #3 (Hold).
A better-ranked stock in the same industry is Isle of Capri Casinos, Inc. (ISLE), sporting a Zacks Rank #1 (Strong Buy).
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