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Stock Traders Buy Large Volume of Caesars Entertainment Call Options (NASDAQ:CZR)
Caesars Entertainment (NASDAQ:CZR) experienced unusual options trading on Tuesday, with investors purchasing 19,839 call options, a 49% increase from the typical daily volume. The stock traded up $0.21, reaching $18.35, but its trading volume was lower than average. Caesars Entertainment currently holds a “Moderate Buy” rating from analysts with a consensus target price of $34.61, despite recent downgrades from some firms.