Caesars Acquisition Co. (CACQ) Shares Down 10.5%
Caesars Acquisition Co. (NASDAQ:CACQ)’s share price was down 10.5% on Tuesday . The stock traded as low as $10.11 and last traded at $10.26, with a volume of 59,180 shares trading hands. The stock had previously closed at $11.47.
The company has a market cap of $1.44 billion and a P/E ratio of 43.95. The firm’s 50-day moving average is $11.15 and its 200-day moving average is $8.06.
Caesars Acquisition Company (CAC) was formed to make an equity investment in Caesars Growth Partners, LLC (CGP LLC), a joint venture between CAC and Caesars Entertainment Corporation. CAC’s primary asset is its membership interest in CGP LLC and does not have any operations other than through its interest in CGP LLC.
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