The SVP, Corp Dev, GC, Corp Secy of Caesars Acquisition (NASDAQ: CACQ) is Selling Shares

By Carrie Williams

Yesterday, the SVP, Corp Dev, GC, Corp Secy of Caesars Acquisition (NASDAQ: CACQ), Michael Daniel Cohen, sold shares of CACQ for $176.8K.

Following Michael Daniel Cohen’s last CACQ Sell transaction on April 11, 2017, the stock climbed by 2.4%. In addition to Michael Daniel Cohen, 2 other CACQ executives reported Sell trades in the last month.

The company has a one year high of $18.70 and a one year low of $8.14. CACQ’s market cap is $2.46B and the company has a P/E ratio of 4.03. Currently, Caesars Acquisition has an average volume of 203.8K.

The insider sentiment on Caesars Acquisition has been negative according to 18 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Caesars Acquisition Co. engages in the equity investment in Caesars Growth Partners LLC, a joint venture between the company and Caesars Entertainment Corp., which operates as a casino entertainment provider. It operates through Interactive Entertainment, and Casino Properties and Developments segments. The Interactive Entertainment segment consists of social and mobile games that are played on various global social and mobile third-party platforms. The Casino Properties and Developments segment deals with Predecessor Growth Partners’ interests in Planet Hollywood and the acquired properties, which includes hotel, related food, beverage, entertainment, and parking amenities as well as gaming facility operations and Horseshoe Baltimore. The company was founded on February 25, 2013 and is headquartered in Las Vegas, NV.