Why Caesars Entertainment Stock Jumped 22% in September
Shares of casino operator Caesars Entertainment (NASDAQ: CZR) rose an impressive 22% in September according to data from S&P Global Market Intelligence. That added to an incredible multi-month run. Down nearly 90% at one point during the early 2020 bear market, at the end of last month the stock was off by just 6% over the first three quarters of the year. That's an astounding and rapid rebound.
The early-year drop in the shares of Caesars Entertainment makes complete sense, given that the company's casinos were shut at the start of the coronavirus pandemic. However, as restrictions have eased, its operations have begun to work back to normal. The outlook for the company has been improving as that process continues.
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Source Fool.com
