Caesars Acquisition Co. (CACQ) Sees Strong Trading Volume
Caesars Acquisition Co. (NASDAQ:CACQ) saw an uptick in trading volume on Tuesday . 144,475 shares were traded during trading, an increase of 11% from the previous session’s volume of 130,392 shares.The stock last traded at $11.97 and had previously closed at $11.80.
The stock’s 50-day moving average is $11.27 and its 200 day moving average is $8.91. The firm has a market cap of $1.66 billion and a P/E ratio of 50.29.
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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