Caesars Entertainment (CZR) Forms $10.48 Double Bottom; Cree, Inc. (CREE) Covered By 2 Bullish Analysts Last Week

September 14, 2018 - By Jacob Reddy

Caesars Entertainment Corporation (NASDAQ:CZR) Logo

Caesars Entertainment Corporation (CZR) formed double bottom with $9.53 target or 9.00% below today’s $10.48 share price. Caesars Entertainment Corporation (CZR) has $6.99B valuation. The stock increased 0.24% or $0.025 during the last trading session, reaching $10.475. About 1.91M shares traded. Caesars Entertainment Corporation (NASDAQ:CZR) has declined 11.54% since September 14, 2017 and is downtrending. It has underperformed by 27.16% the S&P500. Some Historical CZR News: 07/03/2018 – Caesars Entertainment Profit Boosted by Tax Law — Earnings Review; 22/03/2018 – Oracle Recognizes HR Pioneers in Annual Awards; 13/03/2018 – Lollapalooza Creator Perry Farrell, Cary Granat and Ed Jones of lmmersive Artistry and Caesars Entertainment Join Forces for Kind Heaven; 15/05/2018 – Caesars Entertainment at Wells Fargo Conference Tomorrow; 14/05/2018 – BREAKING: US Supreme Court rules for New Jersey in state’s fight to legalize sports betting; $CZR, $MGM jumping following the news; 17/05/2018 – Caesars Entertainment Favored by 14 Hedge Funds, 13Fs Show; 09/05/2018 – Caesars Entertainment, VICI Properties Announce Letter of Intent for Asset Sale, Lease Amendments; 25/04/2018 – CAESARS REPORTS DEVELOPMENT OF CAESARS PALACE LUXURY RESORT; 15/04/2018 – Caesars to Run First Non-Gambling Resort in Dubai; 07/03/2018 – Caesars Entertainment 4Q Rev $1.9B

Among 6 analysts covering Cree (NASDAQ:CREE), 2 have Buy rating, 0 Sell and 4 Hold. Therefore 33% are positive. Cree had 7 analyst reports since April 24, 2018 according to SRatingsIntel. On Wednesday, June 27 the stock rating was maintained by Roth Capital with “Hold”. On Tuesday, April 24 the stock rating was upgraded by Oppenheimer to “Buy”. The firm has “Buy” rating by Canaccord Genuity given on Wednesday, August 15. Piper Jaffray maintained Cree, Inc. (NASDAQ:CREE) rating on Tuesday, April 24. Piper Jaffray has “Hold” rating and $4500 target. See Cree, Inc. (NASDAQ:CREE) latest ratings:

28/08/2018 Broker: Deutsche Bank Rating: Hold New Target: $47 Initiates Coverage On
15/08/2018 Broker: Canaccord Genuity Old Rating: Buy New Rating: Buy Old Target: $61 New Target: $60 Maintain
03/08/2018 Broker: Canaccord Genuity Rating: Buy New Target: $61 Initiates Coverage On
19/07/2018 Broker: Nomura Rating: Neutral New Target: $44 Initiates Coverage On
27/06/2018 Broker: Roth Capital Rating: Hold New Target: $45.0000 Maintain
24/04/2018 Broker: Piper Jaffray Rating: Hold New Target: $45.0000 Maintain
24/04/2018 Broker: Oppenheimer Rating: Buy New Target: $53.0000 Upgrade

The stock decreased 0.47% or $0.2 during the last trading session, reaching $42.08. About 225,907 shares traded. Cree, Inc. (NASDAQ:CREE) has risen 75.24% since September 14, 2017 and is uptrending. It has outperformed by 59.62% the S&P500. Some Historical CREE News: 24/04/2018 – Cree Targets 4Q Rev $390M-$410M; 16/03/2018 – DEEP ECO: Cree May Benefit, Industry Posts 5th Straight Gain; 24/04/2018 – CREE 3Q ADJ EPS 4C, EST. $0; 06/03/2018 – CREE INC – DEAL IS TARGETED TO BE ACCRETIVE TO NON-GAAP EARNINGS PER SHARE IN ITS FIRST FULL QUARTER OF OPERATIONS; 06/03/2018 – CREE BUYS INFINEON RF POWER OPS FOR ABT EU345M; 06/03/2018 – CREE INC – INFINEON RF POWER BUSINESS WILL BECOME PART OF CREE’S WOLFSPEED OPERATING SEGMENT; 06/03/2018 – CREE BUYS INFINEON RF POWER BUSINESS FOR ABOUT EU345M; 06/03/2018 – Cree Buys Assets of Infineon Technologies’ Radio Frequency Power Business for EUR 345M; 06/03/2018 – CREE INC CREE.O : COWEN AND COMPANY RAISES TARGET PRICE TO $37 FROM $30; 04/05/2018 – CREE INC – ON APRIL 30, COMPENSATION COMMITTEE TERMINATED COMPANY’S SEVERANCE PLAN FOR SECTION 16 OFFICERS, DATED AUGUST 18, 2008 – SEC FILING

More notable recent Cree, Inc. (NASDAQ:CREE) news were published by: Nasdaq.com which released: “Report: Developing Opportunities within Cree, ArcBest, Syros Pharmaceuticals, Aegion, Adecoagro SA, and Nevsun …” on August 29, 2018, also Seekingalpha.com with their article: “Cree prices $500M senior note offering” published on August 22, 2018, Nasdaq.com published: “Detailed Research: Economic Perspectives on Hub Group, Coty, Cree, Nelnet, SeaWorld Entertainment, and Cowen …” on August 31, 2018. More interesting news about Cree, Inc. (NASDAQ:CREE) were released by: Bizjournals.com and their article: “Cree CEO on electric vehicle opportunity: ‘Let’s run with it'” published on August 24, 2018 as well as Seekingalpha.com‘s news article titled: “Cree Inc. – Ready To Explore New Heights” with publication date: August 20, 2018.

Investors sentiment increased to 1.05 in 2018 Q2. Its up 0.16, from 0.89 in 2018Q1. It improved, as 27 investors sold Cree, Inc. shares while 76 reduced holdings. 32 funds opened positions while 76 raised stakes. 101.76 million shares or 0.16% less from 101.92 million shares in 2018Q1 were reported. 197,385 were reported by D L Carlson Investment Gp. Hsbc Hldgs Public Ltd Limited Liability Company owns 0% invested in Cree, Inc. (NASDAQ:CREE) for 14,231 shares. Teacher Retirement System Of Texas invested in 0.01% or 20,263 shares. Fmr holds 5.06M shares. 14,726 are owned by Amalgamated National Bank & Trust. Citadel Ltd Company has invested 0% of its portfolio in Cree, Inc. (NASDAQ:CREE). Robecosam Ag has invested 2.69% in Cree, Inc. (NASDAQ:CREE). Jane Street Group Limited Company has 25,952 shares. Columbus Circle Investors owns 0.55% invested in Cree, Inc. (NASDAQ:CREE) for 643,194 shares. Peak6 L P has invested 0.01% in Cree, Inc. (NASDAQ:CREE). Assetmark Incorporated invested in 0% or 80 shares. The Nebraska-based Ameritas Investment Prtn has invested 0.08% in Cree, Inc. (NASDAQ:CREE). 8,074 are owned by Quantbot Lp. Macquarie Gp Limited holds 0.01% or 101,131 shares. Cwm Ltd Co accumulated 0% or 27 shares.

Since April 26, 2018, it had 0 buys, and 2 sales for $1.31 million activity. McDevitt Michael E sold $275,541 worth of Cree, Inc. (NASDAQ:CREE) on Thursday, April 26. 22,500 shares valued at $1.03M were sold by Emerson David Todd on Wednesday, August 29.

Cree, Inc. provides lighting-class light emitting diode , lighting, and semiconductor products for power and radio-frequency (RF) applications in the United States, China, Europe, South Korea, Japan, Malaysia, Taiwan, and internationally. The company has market cap of $4.24 billion. The Company’s Lighting Products segment offers LED lighting systems and bulbs for use in settings, such as office and retail space, restaurants and hospitality, schools and universities, manufacturing, healthcare, airports, municipal, residential, street lighting and parking structures, and other applications. It currently has negative earnings. This segment sells its products to distributors, retailers, and customers.

Since March 20, 2018, it had 0 insider purchases, and 3 sales for $325.71 million activity. The insider DONOVAN TIMOTHY R sold 5,354 shares worth $66,825. Shares for $324.76 million were sold by TPG Group Holdings (SBS) Advisors – Inc. on Thursday, May 17.

Investors sentiment increased to 1.53 in 2018 Q2. Its up 0.52, from 1.01 in 2018Q1. It increased, as 37 investors sold Caesars Entertainment Corporation shares while 57 reduced holdings. 48 funds opened positions while 96 raised stakes. 738.02 million shares or 13.44% more from 650.61 million shares in 2018Q1 were reported. Selz Capital Ltd Co invested in 3.11 million shares or 5.24% of the stock. Guggenheim Cap Lc holds 21,573 shares or 0% of its portfolio. Ancora Advsrs Limited Liability Company holds 0.63% or 1.35 million shares. The Delaware-based Dupont Mngmt has invested 0.03% in Caesars Entertainment Corporation (NASDAQ:CZR). Kwmg Ltd Company invested in 442 shares or 0% of the stock. Stevens Mngmt Lp has 0.01% invested in Caesars Entertainment Corporation (NASDAQ:CZR). Raymond James & Assocs stated it has 0% of its portfolio in Caesars Entertainment Corporation (NASDAQ:CZR). Serengeti Asset Ltd Partnership invested 0.86% in Caesars Entertainment Corporation (NASDAQ:CZR). Public Employees Retirement Sys Of Ohio has 400,041 shares for 0.02% of their portfolio. Piedmont Inv Advisors Lc stated it has 231 shares or 0% of all its holdings. Cohen Cap Inc holds 435,783 shares or 1.08% of its portfolio. Moreover, Brookfield Asset Mgmt Inc has 0.01% invested in Caesars Entertainment Corporation (NASDAQ:CZR). Eaton Vance Management stated it has 0.04% of its portfolio in Caesars Entertainment Corporation (NASDAQ:CZR). California State Teachers Retirement Systems reported 0.02% in Caesars Entertainment Corporation (NASDAQ:CZR). Deroy & Devereaux Private Invest Counsel reported 1.03% stake.

Cree, Inc. (NASDAQ:CREE) Institutional Positions Chart

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