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Golden Entertainment (GDEN) Jumps: Stock Moves Up 18.1%

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Golden Entertainment, Inc. (GDEN - Free Report) was a big mover last session, as its shares rose over 18% on the day. The move came after the company announced plans to acquire American Casino & Entertainment Properties LLC for $850 million on Monday. This also led to far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up over 16% in the past one-month time frame.

None of the estimates for this 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.

Golden Entertainment currently carries a Zacks Rank #2 (Buy), while its Earnings ESP is 0.00%.

A top-ranked stock in the Gaming space is Melco Crown Entertainment Limited (MLCO - Free Report) , sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is GDEN going up? Or down? Predict to see what others think: Up or Down
    
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