Caesars Entertainment Rises 24% in a Month: How to Play the Stock?
Caesars Entertainment(CZR) ZACKS·2024-10-09 00:48
Caesars Entertainment, Inc. (CZR) has posted a remarkable 23.6% rally in the past month, significantly outpacing the industry's 15.6% growth. This surge in share price can be largely attributed to favorable macroeconomic tailwinds, particularly the Federal Reserve's interest rate reduction. The announcement of a share buyback program has further boosted investors' confidence, signaling strong cash flow and management's commitment to enhancing shareholder's value. Other major industry players have witnessed ...