PartyGaming Hoping Stock Continues Upward Trend
- By Elijah O'Connor
- Published 03/7/2010
- Gaming Stock News
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PartyGaming PartyGaming is the highest publicly traded gaming stock on the London stock Exchange, and late last week it was a case of the rich getting richer. The company is hoping that the new trading week will bring additional stock gains.
On Thursday and Friday of last week, PartyGaming stock began to climb. On Thursday, the stock started at 301, and by the end of the day had jumped to 310.70. Then, on Friday, the stock rose once again, this time gaining 11.80, and closing at 321.90.
The company has experienced much growth over the past year. After completing a settlement with the US to stay out of legal trouble, the company's stock began to rise. Then, towards the latter part of 2009, PartyGaming began consolidating and buying smaller gaming companies.
Other gaming stocks that have been trading on the London market are William Hill and Ladbrokes. William Hill stock was up slightly on Friday, reaching over the 200 mark again. The stock finished the week at 201.50.
Ladbrokes stock closed Friday at 146.90, which represented a change for the day of -.60. 888 Holdings stock was up one percent, finishing at 101.10 heading into the weekend. The stock week begins again in a couple of hours, and gaming stocks are hoping that the upward trend continues into the new week.
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