The stock of Crown Resorts Ltd (ASX:CWN) is a huge mover today! The stock increased 4.10% or $0.44 on November 18, hitting $11.18. About 5.17M shares traded hands or 48.14% up from the average. Crown Resorts Ltd (ASX:CWN) has declined 5.25% since April 22, 2016 and is downtrending. It has underperformed by 9.68% the S&P500.
The move comes after 7 months positive chart setup for the $8.20 billion company. It was reported on Nov, 18 by Barchart.com. We have $16.43 PT which if reached, will make ASX:CWN worth $3.85B more.
More notable recent Crown Resorts Ltd (ASX:CWN) news were published by: Bloomberg.com which released: “China’s Foreign Casino Crackdown Sends Shudder Through Industry” on October 16, 2016, also Wsj.com with their article: “Crown Resorts’ VIP Ambitions Clouded by Crackdown in China” published on October 24, 2016, Moodys.com published: “Moody’s places Crown Resorts’ ratings on review for downgrade” on June 16, 2016. More interesting news about Crown Resorts Ltd (ASX:CWN) were released by: Wsj.com and their article: “James Packer Stands Down as Crown Resorts Chairman” published on August 13, 2015 as well as Reviewjournal.com‘s news article titled: “Australian billionaire quits board of casino giant Crown Resorts Ltd” with publication date: December 20, 2015.
Crown Resorts Limited is an entertainment and gaming firm with activities and investments in Australia, Asia, the United Kingdom and the United States. The company has a market cap of $8.20 billion. The Firm has four operating divisions, which include Crown Melbourne; Crown Perth; Crown Aspinall’s, and Wagering and Online. It has a 8.58 P/E ratio. The Firm owns and operates approximately two integrated resorts, including Crown Melbourne Entertainment Complex and Crown Perth Entertainment Complex.
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