Caesars Acquisition (CACQ) Receiving Somewhat Positive Press Coverage, Analysis Finds
News headlines about Caesars Acquisition (NASDAQ:CACQ) have trended somewhat positive on Wednesday, Accern reports. Accern scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Caesars Acquisition earned a news impact score of 0.12 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 46.3514050947603 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the headlines that may have effected Accern’s scoring:
- Caesars Acquisition Company (NASDAQ:CACQ) Stock Traded Lower Than Its 50 Day Average (highlightpress.com)
- Caesars Acquisition Company (NASDAQ:CACQ) Stock Closed -7.5% Below Its 50 Day Moving Average (highlightpress.com)
- Caesars Acquisition Company (NASDAQ:CACQ) Closed Lower Than Its 50 Day Average (highlightpress.com)
- Caesars Acquisition Company (NASDAQ:CACQ) Stock Closed -5.0% Below Its 50 Day Average (highlightpress.com)
Separately, BidaskClub downgraded Caesars Acquisition from a “hold” rating to a “sell” rating in a research note on Thursday, August 3rd.
Caesars Acquisition (CACQ) opened at 17.80 on Wednesday. Caesars Acquisition has a 52 week low of $10.00 and a 52 week high of $20.75. The stock has a market capitalization of $2.47 billion, a P/E ratio of 4.11 and a beta of 0.59. The stock’s 50 day moving average price is $19.31 and its 200-day moving average price is $17.32.
In other news, CFO Craig Justin Abrahams sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $19.66, for a total transaction of $393,200.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.17% of the stock is currently owned by corporate insiders.
Caesars Acquisition Company Profile
Caesars Acquisition Company (CAC) owns voting membership units of Caesars Growth Partners, LLC (CGP LLC), a joint venture between CAC and subsidiaries of Caesars Entertainment Corporation (CEC or Caesars Entertainment). CAC serves as CGP LLC’s managing member and sole holder of its outstanding voting units.
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