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Caesars Entertainment (CZR) Surges: Stock Moves 9% Higher

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Caesars Entertainment Corporation (CZR - Free Report) was a big mover last session, as the company saw its shares rise 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up 17.4% in the past one-month time frame.

The upside was driven by a report that activist investor Carl Icahn may be buying an undisclosed stake in the company.

The company has seen no estimate revisions over the past few weeks, while the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Caesars Entertainment currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.  

A better-ranked stock in the Gaming industry is Churchill Downs, Incorporated (CHDN - Free Report) , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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

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