Archon (OTCMKTS:ARHN) Stock Price Down 22.2% – Here’s What Happened

Archon Corp. (OTCMKTS:ARHNGet Free Report) shares were down 22.2% during mid-day trading on Wednesday . The stock traded as low as $7.00 and last traded at $7.00. Approximately 137 shares traded hands during trading, a decline of 90% from the average daily volume of 1,379 shares. The stock had previously closed at $9.00.

Archon Stock Performance

The business has a fifty day moving average of $10.29 and a 200 day moving average of $12.50.

Archon Company Profile

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Archon Corporation, through its subsidiary, Pioneer Hotel Inc, engages in the ownership, management, and operation of casinos and hotels in the United States. It operates the Pioneer Hotel & Gambling Hall (the Pioneer) in Laughlin, Nevada that consists of a casino. The company also owns real estate properties on Las Vegas Boulevard South in Las Vegas, Nevada; and rental properties that include commercial office space in Dorchester, Massachusetts. Archon Corporation was founded in 1991 and is based in Laughlin, Nevada.

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