Caesars Acquisition Co. (CACQ) Reaches New 12-Month High at $12.43
Shares of Caesars Acquisition Co. (NASDAQ:CACQ) hit a new 52-week high during trading on Friday . The company traded as high as $12.43 and last traded at $12.00, with a volume of 40,857 shares changing hands. The stock had previously closed at $11.57.
The company’s 50 day moving average price is $10.58 and its 200 day moving average price is $7.44. The firm has a market capitalization of $1.66 billion and a P/E ratio of 50.80.
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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