Las Vegas Sands It has been a tumultuous year for stock prices for major US casino operators. One week they are riding sky high, and the next week it is down in the dumps, not exactly what the companies were hoping for.
This week, there has not been much of that roller coaster ride atmosphere surrounding the stocks. They have stayed pretty steady through the first four days of trading, and that is not necessarily a bad thing.
"These companies have experienced some really high highs and some really low lows over the past year," said observer Gus Druly, "to have a week like this where the stocks don't move much could be providing some relief to the casino companies."
Wynn Resorts, for example, started the week with a stock price of $39.29 a share. It did reach a high of $42.08 during the course of the week, but closed the day on Thursday at $37.11, down just over $2 a share on the week thus far.
Las Vegas Sands is in a similar situation. On Monday, the stock price for Sands was $9.66. Today, it closed at $9.38, an eighteen cent drop this week. MGM Mirage and Ameristar Casinos also did not have much action with their stock price, closing Thursday at $7.79 and $18.99, respectively.
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