Melco Crown Entertainment Limited (MPEL) Shares are Down -2.61%

Melco Crown Entertainment Limited (MPEL) : During the past 4 weeks, traders have been relatively bearish on Melco Crown Entertainment Limited (MPEL), hence the stock is down -6.32% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.97% relative to the S&P 500. The 4-week change in the price of the stock is -6.52% and the stock has fallen -2.61% in the past 1 week.

Company shares have received an average consensus rating of Hold for the current week The stock has recorded a twenty day Moving Average of 7.17% and the fifty day Moving Average is 2.27%. Melco Crown Entertainment Limited has dropped 11.29% during the last three month period . Year-to-Date the stock performance stands at -18.84%.

Melco Crown Entertainment Limited (MPEL) : Average target price received by Melco Crown Entertainment Limited (MPEL) is $16.75 with an expected standard deviation of $3.01. The most aggressive target on the stock is $21, whereas the most downbeat target is $14. 4 financial analysts are currently covering the stock.


Melco Crown Entertainment Limited (NASDAQ:MPEL): On Fridays trading session , Opening price of the stock was $13.07 with an intraday high of $13.2. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $12.9999. However, the stock managed to close at $13.05, a loss of 0.38% for the day. On the previous day, the stock had closed at $13.1. The total traded volume of the day was 3,669,599 shares.

Melco Crown Entertainment Limited is a developer, owner and operator of casino gaming and entertainment resort facilities. The Company is principally engaged in the gaming and hospitality business in Asia and its principal operating and developmental activities occur in two geographic areas: Macau and the Philippines. The Company has two casino based operations in Macau, namely, City of Dreams and Altira Macau, and non-casino based operations in Macau at its Mocha Clubs. The Company also has a casino based operation in the Philippines, City of Dreams Manila. The Company is developing the Studio City project, a cinematically-themed integrated entertainment, retail and gaming resort. The Companys other premises include Taipa Square Casino, a casino on Taipa Island, Macau operating within Hotel Taipa Square, including the fit-out and gaming related equipment.

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