Caesars Entertainment Insiders Invest $2.43 Million: What This Bullish Move Means for Investors

In the past year, insiders at Caesars Entertainment, Inc. (NASDAQ:CZR) have shown increased confidence in the company by buying more shares. This trend hints that they believe in the company’s future potential.

While insider buying isn’t everything for long-term investors, it’s worth noting what insiders do with their shares. If they are buying, it usually indicates they have a positive outlook.

One notable purchase occurred when Independent Director Michael Pegram acquired $1.5 million worth of shares at $36.40 each. This purchase is significant because it happened even when the stock price was lower, around $35.53. It suggests that insiders were willing to invest heavily, indicating their optimism.

Overall, insiders bought a total of 66,000 shares worth $2.4 million in the past year, while selling 10,690 shares for $349,000. This net buying shows a strong belief in the company’s prospects. You can delve into the details of these transactions for a clearer picture.

Insiders at Caesars Entertainment hold around $67 million in shares, which represents about 0.9% of the company’s total shares. Although this isn’t extremely high, it does show that they are aligned with the interests of other shareholders.

Interestingly, no insiders have made any trades in the last quarter. However, looking back over the year reveals a positive attitude towards the company. It raises the question: will Caesars Entertainment continue to grow?

For a deeper dive into the company’s future, you can explore our free report with analyst forecasts. This will provide insights on where the company might be headed.

In summary, while some companies may offer higher insider ownership, Caesars Entertainment’s recent buying activity reflects a belief in its potential. Keep an eye on their performance and insider activity as indicators of success.

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Caesars Entertainment, insider transactions, stock insiders, shares worth