Shares of Eldorado Resorts (ERI) Sees Large Outflow of Money

Eldorado Resorts (ERI) : The total money flow in Eldorado Resorts (ERI) was negative ($4.1 million), showing the domination of sellers in the Tuesday trading session. The traders utilized every rise to sell their positions, as seen in the value of trading on downtick to the tune of $4.7 million. Transactions on upticks were comparatively lower at $0.6 million. The uptick to downtick ratio was 0.13. The total block trades on downticks were valued at $4.15 million. The money flow during block trades was negative ($4.15 million) when the stock traded with a gain of $3 cent. Eldorado Resorts (ERI) was $14, an increase of 0.21% over the previous days close.


Also, SunTrust Robinson Humphrey initiates coverage on Eldorado Resorts (NASDAQ:ERI). The shares have now been rated Buy by the stock experts at the ratings house. The rating by the firm was issued on August 19, 2016.

Eldorado Resorts, Inc. has lost 2.64% in the last five trading days and dropped 2.71% in the last 4 weeks. Eldorado Resorts, Inc. has dropped 5.41% during the last 3-month period . Year-to-Date the stock performance stands at 27.27%.

Eldorado Resorts (NASDAQ:ERI): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $13.99 and $13.73 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $14.18. The buying momentum continued till the end and the stock did not give up its gains. It closed at $14.00, notching a gain of 0.21% for the day. The total traded volume was 512,019 . The stock had closed at $13.97 on the previous day.

In a related news, The Securities and Exchange Commission has divulged in a Form 4 filing that the officer (Exec VP, Gen Counsel and Sec.) of Eldorado Resorts, Inc., Carano Anthony L. had purchased shares worth of $43,620 in a transaction dated on June 17, 2016. A total of 3,000 shares were purchased at a price of $14.54 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

Eldorado Resorts, Inc. (ERI) is a casino entertainment company. The Companys principal operating activities include owning and operating gaming facilities in three geographic regions: Reno, Shreveport and the eastern states. The Company operates through three business segments: Eldorado Shreveport, Eldorado Reno and MTR Gaming. The Company conducts its operations through its subsidiaries, MTR Gaming Group, Inc. (MTR Gaming), Eldorado Holdco LLC (HoldCo) and Eldorado Resorts LLC (Resorts). Its property portfolio includes approximately seven facilities in over five markets with a total of approximately 10,230 slot machines and video lottery terminals (VLTs), approximately 300 table games, approximately 4,850 hotel rooms, approximately 35 dining, bar and entertainment options, and over three pari-mutuel racing facilities. The Company owns and operates approximately seven properties in approximately five states.

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