Melco Crown Entertainment Ltd (ADR) Just Recorded A Sigfniciant Bullish Options Activity

 Melco Crown Entertainment Ltd (ADR) Just Recorded A Sigfniciant Bullish Options Activity

In today’s session Melco Crown Entertainment Ltd (ADR) (MPEL) registered an unusually high (4,154) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious MPEL increase. With 4,154 contracts traded and 5384 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: MPEL170120C00019000 closed last at: $1.05 or 4.5% down. About 1.22M shares traded hands. Melco Crown Entertainment Ltd (ADR) (NASDAQ:MPEL) has risen 10.85% since April 4, 2016 and is uptrending. It has outperformed by 9.76% the S&P500.

Melco Crown Entertainment Ltd (ADR) (NASDAQ:MPEL) Ratings Coverage

Out of 10 analysts covering Melco Crown Entertainment (NASDAQ:MPEL), 4 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 40% are positive. $28 is the highest target while $16 is the lowest. The $22.75 average target is 28.31% above today’s ($17.73) stock price. Melco Crown Entertainment has been the topic of 17 analyst reports since July 28, 2015 according to StockzIntelligence Inc. As per Monday, April 4, the company rating was downgraded by Credit Suisse. The stock of Melco Crown Entertainment Ltd (ADR) (NASDAQ:MPEL) has “Outperform” rating given on Monday, October 12 by Credit Suisse. The firm has “Neutral” rating given on Thursday, March 17 by Macquarie Research. The company was upgraded on Monday, October 12 by HSBC. Gabelli initiated the shares of MPEL in a report on Wednesday, December 9 with “Buy” rating. The rating was maintained by Brean Capital on Tuesday, July 28 with “Buy”. On Tuesday, October 6 the stock rating was upgraded by Deutsche Bank to “Hold”. The stock of Melco Crown Entertainment Ltd (ADR) (NASDAQ:MPEL) earned “Hold” rating by HSBC on Wednesday, April 20. Morgan Stanley upgraded Melco Crown Entertainment Ltd (ADR) (NASDAQ:MPEL) on Thursday, October 29 to “Equal-Weight” rating. The stock of Melco Crown Entertainment Ltd (ADR) (NASDAQ:MPEL) has “Neutral” rating given on Thursday, August 11 by Buckingham Research.

According to Zacks Investment Research, “Melco Crown Entertainment Limited is an owner and developer of casino gaming and entertainment resort facilities primarily in Macau. It owns and operates City of Dreams, Altira Macau and Mocha Clubs. The Company’s Development Project includes Macau Studio City Project. Melco Crown Entertainment Limited, formerly known as Melco PBL Entertainment (Macau) Limited, is headquartered in Macau.”

Melco Crown Entertainment Limited is a holding company. The company has a market cap of $9.62 billion. The Company, through its subsidiaries, develops, owns and operates casino gaming and entertainment casino resort facilities in Asia. It has a 103.03 P/E ratio. The Firm is principally engaged in the gaming and hospitality business in Asia and its principal operating and developmental activities occur in over two geographic areas, which include Macau and the Philippines.

MPEL Company Profile

Melco Crown Entertainment Limited, incorporated on December 17, 2004, is a holding company. The Company, through its subsidiaries, develops, owns and operates casino gaming and entertainment casino resort facilities in Asia. The Firm is principally engaged in the gaming and hospitality business in Asia and its principal operating and developmental activities occur in over two geographic areas, which include Macau and the Philippines. The Company’s business divisions are City of Dreams, Altira Macau, Studio City, Mocha Clubs, City of Dreams Manila, and Corporate and Others. The Firm has over three casino activities in Macau, namely, City of Dreams, Altira Macau and Studio City, and non-casino based activities in Macau at its Mocha Clubs. The Firm also has a casino operation in the Philippines, City of Dreams Manila. The Firm is developing the fifth hotel tower at City of Dreams in Cotai, Macau.

Another recent and important Melco Crown Entertainment Ltd (ADR) (NASDAQ:MPEL) news was published by Marketwatch.com which published an article titled: “Melco Crown Entertainment Ltd. ADR” on August 12, 2009.

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