Las Vegas Sands (LVS) : Traders are bullish on Las Vegas Sands (LVS) as it has outperformed the S&P 500 by a wide margin of 9.91% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.82%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.79% in the last 1 week, and is up 10.33% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Las Vegas Sands Corp. is up 17.85% in the last 3-month period. Year-to-Date the stock performance stands at 22.58%. The stock has recorded a 20-day Moving Average of 2.84% and the 50-Day Moving Average is 10.25%.
Las Vegas Sands (NYSE:LVS): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $51.72 and $51.29 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $52.38. The buying momentum continued till the end and the stock did not give up its gains. It closed at $52.21, notching a gain of 0.17% for the day. The total traded volume was 4,979,992 . The stock had closed at $52.12 on the previous day.
Also, Buckingham Research initiates coverage on Las Vegas Sands (NYSE:LVS) The current rating of the shares is Neutral. The rating by the firm was issued on August 11, 2016.
Las Vegas Sands Corp. (LVSC) is a developer of destination properties that offers accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants and other amenities. The Companys principal operating and developmental activities occur in three geographic areas: Macao, Singapore and the United States. In Macao, its operating segments are The Venetian Macao; Sands Cotai Central; Four Seasons Macao; Sands Macao, and Other Asia (that includes its ferry operations and various other operations). In Singapore, its operating segment is Marina Bay Sands. In the United States, its operating segments are The Venetian Las Vegas, which includes the Sands Expo Center and The Palazzo, and Sands Bethlehem. The Paiza Club located at the Companys properties is an invitation-only club, which offers a range of services and amenities. The Company also offers players club loyalty programs at its properties.