Caesars Acquisition Co. (CACQ) Trading 8.5% Higher
Shares of Caesars Acquisition Co. (NASDAQ:CACQ) traded up 8.5% during mid-day trading on Monday . The company traded as high as $12.26 and last traded at $11.67, with a volume of 134,284 shares changing hands. The stock had previously closed at $10.76.
The firm has a market capitalization of $1.44 billion and a PE ratio of 43.95. The stock’s 50 day moving average price is $11.15 and its 200-day moving average price 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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