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Casino Stocks Appreciate for the 1st Part of 2009
It has been a roller coaster ride for casino company stocks for the past couple of months. What use to be the most advisable and secure stock options, a lot of organizations have watched their stocks drop to the ground during the height of the worldwide financial crisis. On January 2nd, 2009, just a day after the New Year, the stocks finally swing into a positive direction.
The companies are now hoping that the trend will continue in the next few weeks. The company that has been steadily weathering the financial crisis has been the Wynn Resorts. While the company has seen a substantial drop, they ended the trading day at $47.42 per share. That was the biggest gain of the major companies, up to $5.16.
On the other hand, MGM Mirage has been one of the companies hit by the financial crisis. But they have ended in a good note that day, ending up $1.68 per share. Penn National was right behind MGM Mirage with an improvement of $1.57 per share. They closed at $22.95. Las Vegas Sands had a hard winter.
The organization has had to sell off common shares and manage other finances to preserve the company's financial stability. They had a modest improvement of $1.16. What was once a steal of a share, finished at $7.09.
Thursday, February 05 , 2009
Gerald Kernighan