Could Caesars Acquisition Company (CACQ) See a Reversal After Having Formed Several Months Double Top

September 17, 2017 - By Marie Mckinney

Investors sentiment decreased to 1.21 in 2016 Q4. Its down 0.29, from 1.5 in 2016Q3. It turned negative, as 8 investors sold Caesars Acquisition Company shares while 21 reduced holdings. 13 funds opened positions while 22 raised stakes. 74.59 million shares or 1.25% more from 73.67 million shares in 2016Q3 were reported.
Creative Planning, Kansas-based fund reported 955 shares. Deutsche Comml Bank Ag has invested 0% of its portfolio in Caesars Acquisition Company (NASDAQ:CACQ). Silver Point Capital L P reported 1.60 million shares. 50,700 were reported by State Common Retirement Fund. Apollo Management Hldg Ltd Partnership reported 10.1% of its portfolio in Caesars Acquisition Company (NASDAQ:CACQ). Geode Mgmt Ltd Co holds 0% or 133,938 shares in its portfolio. Credit Suisse Ag has invested 0% in Caesars Acquisition Company (NASDAQ:CACQ). Alliancebernstein L P stated it has 0% in Caesars Acquisition Company (NASDAQ:CACQ). 1.23 million were reported by Pentwater Mgmt Lp. Millennium Mngmt Limited Liability Com has 19,158 shares for 0% of their portfolio. National Bank & Trust Of Mellon Corp owns 155,657 shares for 0% of their portfolio. 38,800 are held by Strs Ohio. The New York-based Goldman Sachs Grp Inc Inc has invested 0.01% in Caesars Acquisition Company (NASDAQ:CACQ). 5,969 were accumulated by Bnp Paribas Arbitrage. Hightower Advisors Ltd Co owns 64,370 shares.

Since May 5, 2017, it had 0 insider buys, and 4 sales for $1.13 million activity. On Friday, May 5 the insider Vanke Troy J sold $333,217. On Friday, May 5 the insider Abrahams Craig Justin sold $226,549. The insider Cohen Michael Daniel sold 10,000 shares worth $176,832.

The chart of Caesars Acquisition Company (CACQ) shows a double top with $20.21 target or 5.00 % above today’s $19.25 share price. The 8 months chart pattern indicates low risk for the $2.68B company. It was reported on Sep, 17 by If the $20.21 price target is reached, the company will be worth $134.00 million more. Double tops are rare but powerful chart patterns.

The stock increased 0.79% or $0.15 on September 15, reaching $19.25. About 1.13M shares traded or 428.91% up from the average. Caesars Acquisition Company (NASDAQ:CACQ) has risen 91.58% since September 17, 2016 and is uptrending. It has outperformed by 74.88% the S&P500.

More important recent Caesars Acquisition Company (NASDAQ:CACQ) news were published by: which released: “New Caesars gets shareholder approvals for restructuring” on July 25, 2017, also published article titled: “Caesars Entertainment, Caesars Acquisition Announces Pricing of CGPH $1.45 …”, published: “New Caesars gets approvals in New Jersey” on July 14, 2017. More interesting news about Caesars Acquisition Company (NASDAQ:CACQ) was released by: and their article: “Caesars Entertainment Corporation and Caesars Acquisition Company Announce …” with publication date: February 21, 2017.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: