Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Caesars Acquisition (CACQ) Stock Price
News coverage about Caesars Acquisition (NASDAQ:CACQ) has trended somewhat positive recently, according to Accern. Accern identifies negative and positive press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Caesars Acquisition earned a daily sentiment score of 0.11 on Accern’s scale. Accern also gave media headlines about the company an impact score of 46.69109229072 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Caesars Acquisition (NASDAQ:CACQ) remained flat at $21.25 during midday trading on Friday. 538,929 shares of the company traded hands. The stock has a market cap of $2.95 billion, a P/E ratio of 4.91 and a beta of 0.64. Caesars Acquisition has a 12-month low of $10.00 and a 12-month high of $22.05. The stock has a 50 day moving average of $19.49 and a 200 day moving average of $18.40.
Separately, BidaskClub cut Caesars Acquisition from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd.
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About Caesars Acquisition
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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