CZR Stock Recent News

Although strong corporate earnings can support the market's artificial intelligence-powered surge, sentiment is not consistently optimistic across all sectors and indexes, making undiscovered stocks the way to go at a time of mixed returns. Morgan Stanley believes economic growth will stall, which might lower stock market gains, but Goldman Sachs is forecasting an S&P 500 target of 5,100 on assumptions of a dovish Federal Reserve and cooling inflation.

Activist investor Carl Icahn has made headlines again with a significant position in casino operator Caesars Entertainment NASDAQ: CZR. This revelation caused a notable surge in Caesars' stock, which jumped 15% following the announcement.

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Major U.S. equities indexes were mixed to close out the trading week and the month of May.

Hotel and casino giant Caesars Entertainment (NASDAQ: CZR ) is up big on Friday following a major development. Billionaire investor Carl Icahn — known for his activist campaigns — recently revealed a “sizable position” in CZR stock, according to people familiar with the matter.

Carl Icahn has amassed a sizable position in Caesars Entertainment Inc., according to people familiar with the matter, sending shares in the US hotel and casino operator up by the most in more than 18 months. Chris Palmeri has more.

The casino operator, which runs Caesars Atlantic City and Caesars Palace, missed market expectations for first-quarter results, offset by low table hold in its Las Vegas segment.

Shares of Caesars Entertainment (CZR) spiked Friday following a Bloomberg report that billionaire investor Carl Icahn has taken "a sizable position” in the hotel and casino operator.

Carl Icahn takes a stake in Caesars. We bring you the latest.

Caesars is the top-performing stock in the S&P 500 on Friday.