Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Caesars Acquisition (CACQ) Stock Price
Headlines about Caesars Acquisition (NASDAQ:CACQ) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Caesars Acquisition earned a media sentiment score of 0.21 on Accern’s scale. Accern also gave press coverage about the company an impact score of 44.9399130912438 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Shares of Caesars Acquisition (NASDAQ CACQ) traded up 1.32% during trading on Friday, hitting $19.20. The company had a trading volume of 144,089 shares. The stock has a market cap of $2.67 billion, a PE ratio of 4.43 and a beta of 0.59. Caesars Acquisition has a 12-month low of $10.00 and a 12-month high of $20.75. The firm has a 50 day moving average of $19.50 and a 200 day moving average of $17.07.
Separately, BidaskClub cut Caesars Acquisition from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd.
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In other news, CFO Craig Justin Abrahams sold 20,000 shares of the stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $19.66, for a total value of $393,200.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.17% of the company’s stock.
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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