Caesars Acquisition Co. (CACQ) Trading Up 4.5%
Caesars Acquisition Co. (NASDAQ:CACQ)’s share price was up 4.5% during trading on Friday . The company traded as high as $11.49 and last traded at $11.48, with a volume of 102,152 shares. The stock had previously closed at $10.99.
The company has a 50-day moving average price of $11.15 and a 200 day moving average price of $8.32. The firm has a market cap of $1.58 billion and a P/E ratio of 47.83.
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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