Caesars Acquisition Co. (CACQ) Shares Down 4.3%
Shares of Caesars Acquisition Co. (NASDAQ:CACQ) were down 4.3% during mid-day trading on Monday . The company traded as low as $11.45 and last traded at $11.48, with a volume of 65,395 shares. The stock had previously closed at $12.00.
The company has a market capitalization of $1.62 billion and a price-to-earnings ratio of 49.17. The stock has a 50 day moving average price of $11.26 and a 200 day moving average price of $8.86.
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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