Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Gambling Stocks Jumped on Thursday

TheMotleyFool

0 0

Shares of U.S. gambling stocks had a great day on Thursday, driven by an analyst upgrade and some good news out of New Jersey. Shares of Caesars Entertainment (NASDAQ: CZR) jumped as much as 10.4% and Penn National (NASDAQ: PENN) rose 10.4% mid-day. The stocks were up 7.5% and 9.1%, respectively, at 1:50 p.m. EDT.

While stocks with a physical presence in the U.S. were up, so was DraftKings (NASDAQ: DKNG), the online gambling company. Its shares rose as much as 5.7% and are currently up 4.3% on the day.

Image source: Getty Images.

Source Fool.com

Like: 0

CZR

Share