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

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