Las Vegas Sands (LVS) : Money flow in the Las Vegas Sands (LVS) stock was negative (0.95 million) on Tuesday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $2.17 million, compared to $3.12 million on downticks. The total uptick to downtick ratio was 0.7, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($0.9 million), indicating selling on the strength. Downtick transaction value in block trades amounted to $0.9 million, indicating persistent selling. Las Vegas Sands (LVS) traded $0.02 higher at $50.92 gaining 0.04% over the previous days close.
Also, Buckingham Research initiates coverage on Las Vegas Sands (NYSE:LVS). Buckingham Research has a Neutral rating on the shares. The rating by the firm was issued on August 11, 2016.
Las Vegas Sands Corp. has dropped 2.41% in the last five trading days, however, the shares have posted positive gains of 1.43% in the last 4 weeks. Las Vegas Sands Corp. is up 11.63% in the last 3-month period. Year-to-Date the stock performance stands at 19.64%.
Las Vegas Sands (NYSE:LVS): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $51.10 and $50.69 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $51.11. The buying momentum continued till the end and the stock did not give up its gains. It closed at $50.96, notching a gain of 0.12% for the day. The total traded volume was 2,267,833 . The stock had closed at $50.90 on the previous day.
In a related news, The director officer (President & COO), of Las Vegas Sands Corp, Goldstein Robert G had unloaded 97,943 shares at $42.25 per share in a transaction on January 4, 2016. The total value of transaction was $4,138,092. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
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.