Caesars Acquisition Co. (CACQ) Sees Large Volume Increase
Caesars Acquisition Co. (NASDAQ:CACQ) shares saw strong trading volume on Monday . 209,768 shares traded hands during trading, an increase of 97% from the previous session’s volume of 106,540 shares.The stock last traded at $11.47 and had previously closed at $11.48.
The stock has a market capitalization of $1.58 billion and a PE ratio of 47.88. The stock’s 50 day moving average price is $11.14 and its 200-day moving average price is $8.39.
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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