Las Vegas Sands Stock Caps A Slow Trading Week With Minor Loss
- By Lucas Hardy
- Published 06/12/2009
- Gaming Stock News
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Las Vegas Sands It has not been the most eventful of trading weeks when it comes to casino company stock. Most of the major companies in the US did not go above or below a five percent move during the past week.
Las Vegas Sands closed their week on Friday at $9.10. That caps a week where the stock rose as high as $10.10 late Monday, and as low as $8.83 on Friday afternoon. Overall, there was not much movement through the week.
Other casino companies had a similar fate. Wynn Resorts began the week at $39.72. By Friday, the stock had dropped only to $37.41. As was the case with Sands, there has not been much fluctuation through the lat three days of the week.
MGM Mirage continued on their path back to center after a month in which the stock was climbing steadily. After going above ten dollars a share, the stock continued its slow slide, closing at $7.13 on Friday.
Melco Crown Entertainment had perhaps the worst week of all casino stocks. It started the week at $5.64 a share, and closed on Friday at $4.95 a share. The company has recently opened a casino resort in Macau.
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